District of Columbia § 31-5031.07 Admitted asset standards.

District of Columbia Statutes

§ 31-5031.07 — Admitted asset standards.

District of Columbia § 31-5031.07

Title 31Insurance and Securities.

Ch. 50ATitle Insurance Insurers.

This text of District of Columbia § 31-5031.07 (Admitted asset standards.) 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 § 31-5031.07 (2026).

Text

In determining the financial condition of a domestic title insurer doing business under this chapter, the general investment provisions of the Chapter 13A of this title [ § 31-1371.01 et seq. ], shall apply; provided, that:

(1)An investment in a title plant or plants in an amount equal to the actual cost shall be allowed as an admitted asset for title insurers; and

(2)The aggregate amount of the investment shall not exceed the lesser of 20% of admitted assets or 40% of surplus to policyholders, as shown on the most recent annual statement of the title insurer on file with the Commissioner.

Free access — add to your briefcase to read the full text and ask questions with AI

In determining the financial condition of a domestic title insurer doing business under this chapter, the general investment provisions of the Chapter 13A of this title [ § 31-1371.01 et seq. ], shall apply; provided, that:

(1) An investment in a title plant or plants in an amount equal to the actual cost shall be allowed as an admitted asset for title insurers; and

(2) The aggregate amount of the investment shall not exceed the lesser of 20% of admitted assets or 40% of surplus to policyholders, as shown on the most recent annual statement of the title insurer on file with the Commissioner.