Definitions. For purposes of this chapter, the term: (1) 'Domestication' means the reorganization under this chapter of the United States branch of a Non-U.S. insurer whereby a domestic or foreign insurer acquires all the business and assets and assumes all the liabilities of the branch. (2) 'Domestic insurer' means a stock insurance company incorporated under the laws of the District of Columbia. (3) 'Foreign insurer' means a stock insurance company incorporated under the laws of any other state of the United States. (4) 'Non-U.S. insurer' means a stock insurance company organized under the laws of a foreign country. (5) 'United States branch' means the business unit through which business is transacted within the United States by a Non-U.S. insurer and the assets and liabilities of the insurer within the United States pertaining to such business. (Oct. 21, 2000, D.C. Law 13-194, § 2, 47 DCR 7427.)
District of Columbia Legal Code