District of Columbia Code Division V. Local Business Affairs § 31-504. Rulemaking.

(A) Life insurance policies with guaranteed nonlevel gross premiums or guaranteed nonlevel benefits;

(B) Universal life insurance policies with provisions resulting in the ability of a policyholder to keep a policy in force over a secondary guarantee period;

(C) Variable annuities with guaranteed death or living benefits;

(D) Long-term care insurance policies; and

(E) Such other life and health insurance and annuity products as to which the National Association of Insurance Commissioners (“NAIC”) adopts model regulatory requirements with respect to credit for reinsurance.

(A) Policies issued on or after January 1, 2015; or

(B) Policies issued prior to January 1, 2015, if risk pertaining to such pre-2015 policies is ceded in connection with the treaty, in whole or in part, on or after January 1, 2015;

(A) Is certified in the District or, at a minimum, in 5 other states or meets the conditions set forth in § 31-501(f-1); or

(B) Maintains at least $250 million in capital and surplus when determined in accordance with the NAIC Accounting Practices and Procedures Manual, including all amendments thereto adopted by the NAIC, excluding the impact of any permitted or prescribed practices, and is: