432734 The Commissioner of the Department of Insurance, Securities and Banking gives notice of the adoption of an amendment to 26 DCMR A5607.3 providing for new fees for the cost of the annual review of a certified capital company.

 

DEPARTMENT OF INSURANCE, SECURITIES AND BANKING

 

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NOTICE OF FINAL RULEMAKING

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The Commissioner of the Department of Insurance, Securities and Banking (the “Department”), 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 §§ 31-5239 (2009 Repl.)), hereby gives notice of the adoption of the following amendment to Chapter 56 (Certified Capital Companies) of Title 26, Subtitle A (Insurance) of the District of Columbia Municipal Regulations.  The amendment establishes a new fee for the cost of the annual review of a certified capital company..

 

A notice of proposed rules was published in the D.C. Register on May 14, 2010 (57 DCR 4279).  No substantive changes have been made.  These rules shall become effective on the date of publication of this notice in the D.C. Register.

 

Subsection 5607.3 of Chapter 56 (Certified Capital Companies) of Title 26, Subtitle A (Insurance) of the District of Columbia Municipal Regulations is amended to read as follows:

 

5607.3       In connection with the annual review conducted by the Commissioner of a certified capital company pursuant to section 8(a) of the Act, the certified capital company shall pay the cost of the annual review in an amount not to exceed ten thousand dollars ($10,000).