District of Columbia Statutes
§ 31-2203 — Maintenance of trust account.
District of Columbia·Title 31 Insurance and Securities.·Ch. 22 State of Entry for Non-U.S. Insurers.
The assets in the trust account shall be known as trusteed assets and shall at all times be in an amount equal to the U.S. branch’s reserves and other liabilities plus the minimum capital and surplus required to be maintained by a domestic insurer licensed to do the same kind of insurance.
Free access — add to your briefcase to read the full text and ask questions with AI
District of Columbia § 31-2203 (Maintenance of trust account.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
May 24, 1996, D.C. Law 11-128, § 4, 43 DCR 1562
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.