# D.C. Code § 31-4702: Companies issuing both participating and nonparticipating policies

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4702

## Section

- **Citation:** D.C. Code § 31-4702
- **Heading:** Companies issuing both participating and nonparticipating policies
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 31 / Chapter 47 / § 31-4702

## Text

Every life company doing business in the District which issues both participating and nonparticipating policies shall keep the 2 classes of business separate and shall make, and include in the annual statement to be filed with the Commissioner each year, a separate statement of the gains, losses, and expenses properly attributable to each of such classes and also showing the manner in which any general outlay of expenses of the company has been apportioned to each. No such life company shall be permitted to do business in the District unless it makes such a separation of its business. This section shall not apply to paid-up, temporary, or pure endowment insurance issued or granted in exchange for lapsed or returned policies.

## Nearby sections

- [D.C. Code § 31-4701 § 31-4701. Valuation of reserves by Commissioner.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4701.md)
- [D.C. Code § 31-4702 § 31-4702. Companies issuing both participating and nonparticipating policies.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4702.md)
- [D.C. Code § 31-4703 § 31-4703. Life policies — Required provisions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4703.md)
- [D.C. Code § 31-4704 § 31-4704. Life policies — Prohibited provisions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4704.md)
- [D.C. Code § 31-4705 § 31-4705. Annuity and pure endowment contracts; forms to be filed and approved; required provisions; applications, riders and endorsements.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4705.md)
- [D.C. Code § 31-4705.01 § 31-4705.01. Nonforfeiture benefits and cash surrender values.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4705.01.md)
- [D.C. Code § 31-4705.02 § 31-4705.02. Standard nonforfeiture law — In general.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4705.02.md)
- [D.C. Code § 31-4705.03 § 31-4705.03. Standard nonforfeiture law — Individual deferred annuities.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4705.03.md)
- [D.C. Code § 31-4705.04 § 31-4705.04. Loan provisions in policies.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4705.04.md)
- [D.C. Code § 31-4706 § 31-4706. Extension of time for payment of premiums.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4706.md)
- [D.C. Code § 31-4707 § 31-4707. Ascertainment of loan indebtedness.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4707.md)
- [D.C. Code § 31-4708 § 31-4708. Filing and approval of life policy forms.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4708.md)
- [D.C. Code § 31-4709 § 31-4709. Policy provisions required by foreign government entities.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4709.md)
- [D.C. Code § 31-4710 § 31-4710. Group policies — General requirements.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4710.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C47_S31-4702. Check the current official text before relying on it. Not legal advice.