Pub. L. 93-89, tit. II, sec. 201

Sec. 201. Chapter 3 of the Life Insurance Act (D.C. Code, secs. 35–501–36–541) is amended as follows: (1) Section 8(a) of such chapter (D.C. Code, sec. 85–508(a)) is amended (A) by striking out in the first sentence “$200,000” and inserting in lieu thereof “$1,000,000”, and (B) by striking out in the last sentence “$150,000” and inserting in lieu thereof “$1,500,000”. (2) Section 8(b) of such chapter (D.C. Code, sec. 35–508(b)) is amended (A) by inserting “or subsequent amendment” immediately after “subsection”, and (B) by inserting “or the minimum surplus required of a mutual company” immediately after “stock company”. (3) Paragraph 10(b) (ii) of section 35 of such chapter (D.C. Code, sec. 35–535 (10)(b)(ii)) is amended by striking out “$300,000” and “$150,000” and inserting in lieu thereof “$1,500,000” in each such place. (4) Paragraph (15) (ii) of section 35 of such chapter (D.C. Code, sec. 35–535(15) (ii)) is amended by striking out “$300,000” and “$150,000” and inserting in lieu thereof “$1,500,000” in each such place.