COMMITTEE ON

THE DISTRICT OF COLUMBIA
HOUSE OF REPRESENTATIVES

NINETY-THIRD CONGRESS

FIRST SESSION

ON

H.R. 4083 and H.R. 5687

TO IMPROVE THE LAWS RELATING TO THE REGULATION
OF INSURANCE IN THE DISTRICT OF COLUMBIA,
AND FOR OTHER PURPOSES

(DISTRICT OF COLUMBIA INSURANCE ACT)

H.R. 7218

TO IMPROVE THE LAWS RELATING TO THE REGULATION
OF INSURANCE COMPANIES IN THE DISTRICT OF COLUM-
BIA (HOLDING COMPANY SYSTEM REGULATORY ACT)

H.R. 6186

TO AMEND THE DISTRICT OF COLUMBIA REVENUE ACT OF
1947 REGARDING TAXABILITY OF DIVIDENDS RECEIVED
BY A CORPORATION FROM INSURANCE COMPANIES

APRIL 5 AND JULY 16, 1973

20-874 O

Printed for the use of the
Committee on the District of Columbia

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1973

180

COMMITTEE ON THE DISTRICT OF COLUMBIA

CHARLES C. DIGGS, JR., Michigan, Chairman

DONALD M. FRASER, Minnesota
W. S. (BILL) STUCKEY, JR., Georgia
RONALD V. DELLUMS, California
THOMAS M. REES, California
BROCK ADAMS, Washington
WALTER E. FAUNTROY, Dist. of Col.
JAMES J. HOWARD, New Jersey
JAMES R. MANN, South Carolina
ROMANO L. MAZZOLI, Kentucky
LES ASPIN, Wisconsin
CHARLES B. RANGEL, New York
JOHN BRECKINRIDGE, Kentucky
FORTNEY H. (PETE) STARK, California

ANCHER NELSEN, Minnesota
WILLIAM H. HARSHA, Ohio
JOEL T. BROYHILL, Virginia
GILBERT GUDE, Maryland
HENRY P. SMITH III, New York
EARL F. LANDGREBE, Indiana

STEWART B. MCKINNEY, Connecticut
STEVEN D. SYMMS, Idaho

WILLIAM M. KETCHUM, California
GENE TAYLOR, Missouri

E. G. SHUSTER, Pennsylvania

DOROTHY E. QUARKER, Chief of Staff
ROBERT B. WASHINGTON, Jr., Chief Counsel
JOHN E. HOGAN, Minority Counsel

SUBCOMMITTEE ON BUSINESS, COMMERCE, AND TAXATION
W. S. (BILL) STUCKEY, JR., Georgia, Chairman

JAMES R. MANN, South Carolina
LES ASPIN, Wisconsin

CHARLES B. RANGEL, New York
FORTNEY H. (PETE) STARK, California

WILLIAM H. HARSHA, Ohio
JOEL T. BROYHILL, Virginia
GILBERT GUDE, Maryland
GENE TAYLOR, Missouri

REBECCA MOORE, Consultant

(11)

Parker, Homer D., chairman of the board, Capital Holding Corp.
Price, Robert N., vice president and general counsel, Peoples Life Insur-
ance Co.

Hogan, Ernest L., president, Peoples Life Insurance Co...
Lombard, Edward P., District of Columbia superintendent of insurance 49, 78, 89
Martin, Herbert E., Jr., vice president, Acacia Mutual Life Insurance
Co.....
Nangle, John J., Washington counsel, National Association of Independent
Insurers

90

98, 99

64, 83

Robinson, William A., District of Columbia assistant corporation counsel..
Stuckey, Hon. W. S. (Bill), Jr........

89

Wallach, Maximillian, Deputy Superintendent of Insurance_-

Wolpert, Arnold W., director, economics benefits, special services division,
National Education Association____

57

94

90

62

COMMUNICATIONS

Memorandum in Re..

48

Wallach, Maximilian, District of Columbia Department of Insurance:
letter to Congressman Stuckey, dated April 6, 1974...

Washington, Hon. Walter E., Mayor-Commissioner: letters to-

Hon. Carl Albert, dated February 2, 1973_

Hon. Charles C. Diggs, Jr., dated July 16, 1973-

(III)