The Mayor may fine insurance companies or suspend, revoke, or refuse to renew the Certificate of Authority of any insurer failing to file its annual statement when due or within any extension of time which the Mayor, for good cause, may have granted.
Revocation of Certificate of Authority
D.C. Code § 31-1904 — under Required Annual Financial Statements and Participation in the NAIC Insurance Regulatory Information System..
D.C. Code § 31-1904