Domestic Life Companies. | Midpage

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Code of the District of Columbia

Chapter 44

Domestic Life Companies.

31-4401Formation — Required contents of articles of incorporation.31-4402Formation — Filing, notice and bond requirements.31-4403Formation — Corporate powers during completion of organization; issuance of certificate of authority.31-4404Formation — Authority to solicit stock subscriptions or insurance applications.31-4405Formation — Disposition of sums paid upon stock subscriptions.31-4406Formation — Examination of company; revocation and reinstatement of company’s permit or agent’s authority.31-4407Formation — Time limitation for issuance of policies.31-4408Minimum capital and surplus requirements.31-4409Amendment of articles of incorporation.31-4410Increase of capital stock.31-4411Decrease of capital stock.31-4412Liability of stockholders; rights of fiduciary stockholders and persons pledging stock.31-4413Payments for capital stock.31-4414Capital stock transfers.31-4415Capital stock records.31-4416Mutual companies — Corporations, boards, or associations as agents or members thereof.31-4417Mutual companies — Requirements before doing business.31-4418Reincorporation of existing corporations.31-4419Conversion of stock companies into mutual life companies.31-4420Applicability of provisions to existing corporations.31-4421Directors — Annual election; qualifications; limitation on proxies.31-4422Directors — Power to make bylaws.31-4423Directors — General election procedure.31-4424Directors — Cumulative voting in stock company election.31-4425Voting powers under group policies.31-4426Liability of directors.31-4427Salaries to be authorized by directors.31-4428Limitation of payments to stockholders and policyholders.31-4429Election or appointment of officers; required security.31-4430Officers and directors not to be pecuniarily interested in transactions.31-4431Voting-trust agreements.31-4433Classification of risks and members, payment of dividends, and creation of surplus by mutual companies.31-4434Power of mutual company to borrow or assume liability.31-4439Vouchers or affidavits as evidence of disbursements.31-4440Manner of keeping books, records, accounts, and vouchers.31-4442Variable or modified guaranteed contracts.31-4443Effect of merger or consolidation.31-4444Procedure for merger of domestic companies.31-4445Procedure for consolidating domestic companies.31-4446Merger or consolidation of domestic and foreign companies.31-4447Merger or consolidation — Approval by Mayor.31-4448Merger or consolidation — Procedures before voting.31-4449Merger or consolidation — Approval by shareholders.31-4450Merger or consolidation — Rights of dissenting shareholders.31-4451Articles of merger or consolidation.31-4452Date merger or consolidation completed.