Section 31-2203 - Maintenance of trust account

Maintenance of trust account

The assets in the trust account shall be known as trusteed assets and shall at all times be in an amount equal to the U.S. branch's reserves and other liabilities plus the minimum capital and surplus required to be maintained by a domestic insurer licensed to do the same kind of insurance.

CREDIT(S)

(May 24, 1996, D.C. Law 11-128, § 4, 43 DCR 1562.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 35-4403.
Legislative History of Laws
For legislative history of D.C. Law 11-128, see Historical and Statutory Notes following § 31-2201.

Current through September 13, 2012