Section 26-A5610. TRANSFER OF PREMIUM TAX CREDITS

 

5610.1 Within fifteen (15) days after the transfer or sale of premium tax credits, the transferring certified investor shall notify the Commissioner in writing of the:

 

(a) Name of the new holder of the transferred premium tax credits;

 

(b) Amount of premium tax credits transferred;

 

(c) Date the transfer occurred;

 

(d) NAIC Number of the transferring certified investor;

 

(e) NAIC Number of the new holder of the transferred premium tax credits; and

 

(f) Remaining balance of premium tax credits held by the transferring certified investor.

 

5610.2 A certified investor that transfers or sells premium tax credits and fails to file the notice required by § 5610.1 within fifteen (15) days after the transfer or sale of the premium tax credits, shall be subject to a fine in the amount of five hundred dollars ($ 500).
 

authority

Commissioner of the Department of Insurance, Securities and Banking, pursuant to the authority set forth in Section 10 of the Certified Capital Companies Act of 2003, effective March 10, 2004 (D.C. Law 15-87; D.C. Official Code § 31-5231 et seq.)

source

Final Rulemaking published at 51 DCR 7555, 7562 (July 30, 2004)