District of Columbia Statutes
§ 31-2304 — Authorization and execution of domestication agreement.
District of Columbia·Title 31 Insurance and Securities.·Ch. 23 United States Branch Domestication of Non-U.S. Insurers.
(a)A domestication agreement shall be authorized, adopted, approved, executed, and acknowledged by the Non-U.S. insurer under the laws of the country where it is organized.
(b)A domestication agreement shall also be approved, adopted, and authorized by the acquiring insurer’s board of directors, executed by its president or any vice president, and attested by its secretary or assistant secretary under its corporate seal, or, in the case of a foreign insurer, as otherwise provided in the laws of the state of its organization.
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Legislative History
Oct. 21, 2000, D.C. Law 13-194, § 5, 47 DCR 7427
Nearby Sections
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§ 31-1001
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