District of Columbia Statutes

§ 31-751 — Definitions.

District of Columbia·Title 31 Insurance and Securities.·Ch. 7 Holding Companies.·Subch. III Reciprocal Insurance Company Conversion.

For the purposes of this subchapter, the term:

(1)“Reciprocal insurance company” includes an interinsurance exchange but shall not include a risk retention group as defined in § 31-4101(12) .
(2)“Voting shares” means shares entitling the holder to vote for the election of directors of the issuer except that shares which can be voted only in the case of the occurrence of an event or an extraordinary action are not voting shares.

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Legislative History

May 12, 1998, D.C. Law 12-112, § 2, 45 DCR 1792

Nearby Sections

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