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Form a Business

Definitions.

D.C. Code § 31-2301
in effect
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31-2301. Definitions. For purposes of this chapter, the term: (1) “Domestication” means the reorganization under this chapter of the United States branch of a Non-U.S. insurer whereby a domestic or foreign insurer acquires all the business and assets and assumes all the liabilities of the branch. (2) “Domestic insurer” means a stock insurance company incorporated under the laws of the District of Columbia. (3) “Foreign insurer” means a stock insurance company incorporated under the laws of any other state of the United States. (4) “Non-U.S. insurer” means a stock insurance company organized under the laws of a foreign country. (5) “United States branch” means the business unit through which business is transacted within the United States by a Non-U.S. insurer and the assets and liabilities of the insurer within the United States pertaining to such business. (Oct. 21, 2000, D.C. Law 13-194, § 2, 47 DCR 7427.)
Source: Council of the District of Columbia (code.dccouncil.gov)URL: https://code.dccouncil.gov/us/dc/council/code/sections/31-2301Fetched: 10/21/2026

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