District of Columbia Statutes
§ 31-2207 — Authority of the Commissioner.
District of Columbia·Title 31 Insurance and Securities.·Ch. 22 State of Entry for Non-U.S. Insurers.
Whenever it appears to the Commissioner from any annual or quarterly statement, trusteed surplus statement, or any other report that a U.S. Branch’s trusteed surplus is reduced below minimum capital and surplus required to be maintained by a domestic insurer licensed to transact the same kinds of insurance, the Commissioner may proceed against the insurer pursuant to the provisions of District law as an insurer whose condition is such that its further transaction of business in the United States will be hazardous to its policyholders, its creditors, or the public in the United States.
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Legislative History
May 24, 1996, D.C. Law 11-128, § 8, 43 DCR 1562; Mar. 24, 1998, D.C. Law 12-81, § 45(f), 45 DCR 745
Nearby Sections
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§ 31-1001
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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.