§ 31-4331Title 31
Assessment companies prohibited.
Any company which makes insurance or reinsurance the performance of which is not guaranteed by the reserves required by this subdivision, but is contingent upon the payment of assessments or calls made upon its members, shall not be formed, admitted, or licensed in the District.
Annotations
June 19, 1934, 48 Stat. 1142, ch. 672, ch. II, § 32 May 4, 1950, 64 Stat. 104, ch. 157, § 3 1973 Ed., § 35-431. 1981 Ed., § 35-431.
Sourced from the DC Council Open Law Library (public domain).
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