District of Columbia § 31-3509 Reserves.

District of Columbia Statutes

§ 31-3509 — Reserves.

District of Columbia § 31-3509

Title 31Insurance and Securities.

Ch. 35Hospital and Medical Services Corporations Regulation.

This text of District of Columbia § 31-3509 (Reserves.) 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 § 31-3509 (2026).

Text

(a)Taking into consideration the nature of the policies issued by the corporation, a corporation shall establish and maintain pro rata gross unearned premium reserves, reserves for incurred but unpaid claims (both reported and unreported), reserves for expenses related to settlement of such claims, and other reserves as required for proper reporting of its financial condition or as required under the form of financial statements required of the corporation.

(b)The reserves required under subsection (a) of this section constitute a liability of the corporation in a determination of its financial condition.

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(a) Taking into consideration the nature of the policies issued by the corporation, a corporation shall establish and maintain pro rata gross unearned premium reserves, reserves for incurred but unpaid claims (both reported and unreported), reserves for expenses related to settlement of such claims, and other reserves as required for proper reporting of its financial condition or as required under the form of financial statements required of the corporation.

(b) The reserves required under subsection (a) of this section constitute a liability of the corporation in a determination of its financial condition.