Section 26-A3766. ADEQUACY OF SURPLUS

 

3766.1The factors set forth in Subsection 7(d) of the Holding Company Act are not intended to be an exhaustive list.  In determining the adequacy and reasonableness of an insurer's surplus no single factor is necessarily controlling.  The Commissioner, instead, will consider the net effect of all of these factors plus other factors bearing on the financial condition of the insurer.  In comparing the surplus maintained by other insurers, the Commissioner will consider the extent to which each of these factors varies from company to company and in determining the quality and liquidity of investments in subsidiaries, the Commissioner will consider the individual subsidiary and may discount or disallow its valuation to the extent that the individual investments so warrant.

 

 

authority

Section 22 of the Captive Insurance Company Act of 2004, effective March 17, 2005 (D.C. Law 15-262; D.C. Official Code § 31-3931.21 (2011 Repl.)).

source

Final Rulemaking published at 59 DCR 13088 (November 16, 2012).