D.C. Code § 31-4417
Mutual companies — Requirements before doing business.
Effective Jun 19, 1934June 19, 1934, 48 Stat. 1148, ch. 672, ch. III, § 17
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.
History
June 19, 1934, 48 Stat. 1148, ch. 672, ch. III, § 17
Prior Codifications
1973 Ed., § 35-517.
1981 Ed., § 35-617.
Cross References
Prohibition against assessment companies, see § 31-4331.