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District of Columbia Code Division V. Local Business Affairs § 31-4417. Mutual companies--Requirements before doing business.

Current as of January 01, 2024 | Updated by Findlaw Staff

No domestic mutual company shall transact any business until at least 200 persons shall have subscribed in the aggregate for at least $200,000 of insurance and shall have paid in full 1 annual premium in money upon the insurance so subscribed.

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Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 31-4417. Mutual companies--Requirements before doing business. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-31-4417/

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