District of Columbia Statutes
§ 31-2301 — Definitions.
District of Columbia·Title 31 Insurance and Securities.·Ch. 23 United States Branch Domestication of Non-U.S. Insurers.
For purposes of this chapter, the term:
(1)“Domestication” means the reorganization under this chapter of the United States branch of a Non-U.S. insurer whereby a domestic or foreign insurer acquires all the business and assets and assumes all the liabilities of the branch.
(2)“Domestic insurer” means a stock insurance company incorporated under the laws of the District of Columbia.
(3)“Foreign insurer” means a stock insurance company incorporated under the laws of any other state of the United States.
(4)“Non-U.S. insurer” means a stock insurance company organized under the laws of a foreign country.
(5)“United States branch” means the business unit through which business is transacted within the United States by a Non-U.S. insurer and the assets and liabilities of the insurer w
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Legislative History
Oct. 21, 2000, D.C. Law 13-194, § 2, 47 DCR 7427
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