District Of Columbia § 31-306 - Consolidated or combined audits.
Full text of District Of Columbia D.C. Code § 31-306 — Consolidated or combined audits., with citation guidance and answers to common questions.
§ 31-306. Consolidated or combined audits.
31-306An insurer may make written application to the Mayor for approval to file audited consolidated or combined financial statements in lieu of separate annual audited financial statements if the insurer is part of a group of insurance companies which utilizes a pooling or 100% reinsurance agreement that affects the solvency and integrity of the insurer’s reserves and the insurer cedes all of its direct and assumed business to the pool. In these cases, a column consolidating or combining worksheet shall be filed with the report, as follows:
Amounts shown on the consolidated or combined audited financial report shall be shown on the worksheet.
Amounts for each insurer subject to this section shall be stated separately.
Noninsurance operations may be shown on the worksheet on a combined or individual basis.
Explanations of consolidating and eliminating entries shall be included.
A reconciliation shall be included of any differences between the amounts shown in the individual insurer columns of the worksheet and comparable amounts shown on the annual statements of the insurers.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-306
What does D.C. Code § 31-306 cover?
Section 31-306 ("Consolidated or combined audits.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 31-306?
A common citation format is "D.C. Code § 31-306" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 31-306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.