District of Columbia Statutes
§ 31-4719 — Authority to hold proceeds under trust or agreement.
District of Columbia § 31-4719
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 47Provisions Relating to All Life Insurance Companies.
This text of District of Columbia § 31-4719 (Authority to hold proceeds under trust or agreement.) 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 § 31-4719 (2026).
Text
Any life company licensed under the laws of the District shall have power to hold the proceeds of any policy issued by it under a trust or other agreement upon such terms and restrictions as to revocation by the policyholder and control by beneficiaries and with such exemptions from the claims of creditors or beneficiaries other than the policyholder as shall have been agreed to in writing by such company and the policyholder. Such insurance company shall not be required to segregate funds so held, but may hold them as a part of its general corporate assets.
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Legislative History
June 19, 1934, 48 Stat. 1176, ch. 672, ch. V, § 19
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 § 31-4719, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-4719.