Discount on reserves; report on reserves

  1. Law
  2. District of Columbia Code
  3. Insurance and Securities
  4. Captive Insurance Companies (2004)
  5. Special Purpose Financial Captive Insurance Companies
  6. Discount on reserves; report on reserves

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(a) An SPFC may discount its reserves at discount rates as approved by the Commissioner.

(b) An SPFC shall file annually an actuarial opinion on reserves provided by an approved independent actuary.

(Mar. 17, 2005, D.C. Law 15-262, § 213; as added Mar. 14, 2007, D.C. Law 16-285, § 2(b), 54 DCR 944.)


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