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Mutual companies — Requirements before doing business.

D.C. Code § 31-4417
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31-4417. Mutual companies — Requirements before doing business. 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. (June 19, 1934, 48 Stat. 1148, ch. 672, ch. III, § 17.)
Source: Council of the District of Columbia (code.dccouncil.gov)URL: https://code.dccouncil.gov/us/dc/council/code/sections/31-4417Fetched: 10/21/2026

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