District of Columbia Statutes
§ 31-1372.05 — Equity interests.
District of Columbia § 31-1372.05
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 13AInvestments of Insurers.
Subch. IILife Insurers.
This text of District of Columbia § 31-1372.05 (Equity interests.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
D.C. Code § 31-1372.05 (2026).
Text
(a)Subject to the limitations of § 31-1372.02 , an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction.
(b)An insurer shall not acquire an investment under this section if, as a result of and after giving effect to the investment, the aggregate amount of investments held by the insurer under this section would exceed 20% of its admitted assets or the amount of equity interests held by the insurer that are not listed on a qualified exchange would exceed 5% of its admitted assets. An accident and health insurer shall not be subject to this section, but shall be subject to the same aggregate limitation on equity interests as a fire, casualty, and marine insurer under § 31-1373.06 and to the provisions of § 31-1373.02 .
(c)An ins
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Legislative History
Apr. 11, 2003, D.C. Law 14-297, § 205, 50 DCR 330
Nearby Sections
15
§ 31-1001
Report requirement.§ 31-1004
Confidentiality.§ 31-101
Definitions.§ 31-103
Functions and duties.§ 31-105
Transfers.§ 31-106
Organization.§ 31-106.01
Student Loan Ombudsman.§ 31-106.02a
Prohibited conduct – student loan servicers.§ 31-106.02b
Affirmative duties – student loan servicers.§ 31-106.02c
Prohibited acts – private education lenders.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 31-1372.05, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-1372.05.