District of Columbia Statutes
§ 31-2502.25 — Premiums of mutual companies.
District of Columbia § 31-2502.25
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 25Fire, Casualty, and Marine Insurance.
Subch. IIPowers and Duties of the Commissioner.
This text of District of Columbia § 31-2502.25 (Premiums of mutual companies.) 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 § 31-2502.25 (2026).
Text
The maximum premium shall be expressed in the policy of a mutual company, and it may be solely a cash premium, or may be a cash premium and an additional contingent premium, which contingent premium shall be not less than the cash premium, but no mutual company, except as otherwise provided in § 31-2502.14 , shall issue any policy for a cash premium without an additional contingent premium until and unless it possesses a surplus of not less than $600,000.
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Legislative History
Oct. 9, 1940, 54 Stat. 1076, ch. 792, ch. II, § 25; Aug. 14, 1973, 87 Stat. 305, Pub. L. 93-89, title IV, § 401
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.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 31-2502.25, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-2502.25.