District of Columbia § 31-1373.06 Equity interests.

District of Columbia Statutes

§ 31-1373.06 — Equity interests.

District of Columbia § 31-1373.06

Title 31Insurance and Securities.

Ch. 13AInvestments of Insurers.

Subch. IIIFire, Casualty, and Marine Insurers.

This text of District of Columbia § 31-1373.06 (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 § 31-1373.06 (2026).

Text

(a)Subject to the limitations of § 31-1373.03 , 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 the greater of 25% of its admitted assets or 100% of its surplus as regards policyholders.

(c)An insurer shall not acquire under this section any investments that the insurer may acquire under § 31-1373.08 .

(d)An insurer shall not short sell equity investments unless the insurer covers the short sale by owning the equity investment or an unrestricted right to the equity instrument exercisable within 6 months o

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Subject to the limitations of § 31-1373.03 , 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 the greater of 25% of its admitted assets or 100% of its surplus as regards policyholders.

(c) An insurer shall not acquire under this section any investments that the insurer may acquire under § 31-1373.08 .

(d) An insurer shall not short sell equity investments unless the insurer covers the short sale by owning the equity investment or an unrestricted right to the equity instrument exercisable within 6 months of the short sale.