District Of Columbia § 31-3932.11 - Reinsurance.
Full text of District Of Columbia D.C. Code § 31-3932.11 — Reinsurance., with citation guidance and answers to common questions.
§ 31-3932.11. Reinsurance.
31-3932.11An SPFC contract which complies with this subchapter shall be granted credit for reinsurance treatment or otherwise qualifies as an asset or a reduction from liability for reinsurance ceded by a domestic insurer to an SPFC as an assuming insurer pursuant to , for the benefit of the counterparty; provided, that:
Credit shall be granted only to the extent of the fair value of the assets held in trust for, or irrevocable letters of credit issued by a bank chartered by the District or a member bank of the Federal Reserve System or as approved by the Commissioner, for the benefit of the counterparty under the SPFC contract;
The assets are held in trust pursuant to this subchapter;
The assets are administered in the manner and pursuant to arrangements as provided in this subchapter; and
The assets are held or invested in one or more of the forms allowed by .
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-3932.11
What does D.C. Code § 31-3932.11 cover?
Section 31-3932.11 ("Reinsurance.") 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 § 31-3932.11?
A common citation format is "D.C. Code § 31-3932.11" (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 § 31-3932.11 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.