District of Columbia § 31-734 Insurers rehabilitation and liquidation.

District of Columbia Statutes

§ 31-734 — Insurers rehabilitation and liquidation.

District of Columbia § 31-734

Title 31Insurance and Securities.

Ch. 7Holding Companies.

Subch. IIMutual Holding Companies.

This text of District of Columbia § 31-734 (Insurers rehabilitation and liquidation.) 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 § 31-734 (2026).

Text

(a)A mutual insurance holding company is deemed to be an insurer subject to Chapter 13 of this title , and shall automatically be a party to any proceeding under Chapter 13 of this title involving an insurance company, which as a result of a reorganization pursuant to § 31-731 or § 31-732 is a subsidiary of the mutual insurance holding company. In any proceeding under Chapter 13 of this title involving the reorganized insurance company, the assets of the mutual insurance holding company are deemed to be assets of the estate of the reorganized insurance company for purposes of satisfying the claims of the reorganized insurance company’s policyholders.

(b)A mutual insurance holding company shall not dissolve or liquidate without the approval of the Commissioner or as ordered by the Distri

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(a) A mutual insurance holding company is deemed to be an insurer subject to Chapter 13 of this title , and shall automatically be a party to any proceeding under Chapter 13 of this title involving an insurance company, which as a result of a reorganization pursuant to § 31-731 or § 31-732 is a subsidiary of the mutual insurance holding company. In any proceeding under Chapter 13 of this title involving the reorganized insurance company, the assets of the mutual insurance holding company are deemed to be assets of the estate of the reorganized insurance company for purposes of satisfying the claims of the reorganized insurance company’s policyholders.

(b) A mutual insurance holding company shall not dissolve or liquidate without the approval of the Commissioner or as ordered by the District Court pursuant to Chapter 13 of this title .