Title 31 — Insurance and Securities.
94 chapters · 1,236 sections in this title.
D.C. Code § 31-1201 Definitions
1.9K chars
For the purposes of this chapter, the term: (1) “Assessable year” means the calendar year in which the direct gross receipts are received or derived from insurance business in the District of Columbia. (1A) “Commissioner” means the Commissioner of the Department of Insurance, Sec…
D.C. Code § 31-1202 Establishment of the Insurance Regulatory Trust Fund; funding; uses; budget
4.8K chars
(a) There is established within the General Fund of the District of Columbia a trust fund designated as the Insurance Regulatory Trust Fund, to which shall be credited all funds obtained pursuant to this chapter and Chapter 52A of this title without regard to fiscal year limitati…
D.C. Code § 31-1203 Assessments
1.2K chars
(a) The Mayor shall assess annually each insurer and health maintenance organization doing business in the District an amount based on a percentage of its direct gross receipts for the preceding year, provided that each insurer and health maintenance organization shall be subject…
D.C. Code § 31-1204 Failure to pay share of assessment
1.9K chars
(a) Any insurer or health maintenance organization that fails to pay an assessment on or before the date set forth in § 31-1203 shall be subject to a penalty imposed by the Mayor, which shall be 10% of the assessment plus interest at one-half of 1% per month for the period betwee…
D.C. Code § 31-1205 Appeal from assessment
1.0K chars
Any insurer or health maintenance organization aggrieved by an assessment may appeal under procedures established in § 101 of Title 26 of the District of Columbia Municipal Regulations (26 DCMR 101 ), or as otherwise may be provided by the Mayor. If an appellant fails to pay the …
D.C. Code § 31-1206 Insurers and health maintenance organizations continuing obligations
0.3K chars
Any insurer or health maintenance organization whose license has been revoked, cancelled, terminated, or surrendered shall continue to be bound by the obligations of this chapter including payment of all assessments, regardless of whether the insurer or health maintenance organiz…
D.C. Code § 31-1207 Records
0.3K chars
The Mayor shall, at all reasonable times, make books, records, and files available to insurance company representatives for the purpose of examining any matter coming within the scope of the chapter and the insurance laws of the District of Columbia.
D.C. Code § 31-1208 Insurance Regulatory Trust Fund Bureau
1.3K chars
(a) All insurers and health maintenance organizations subject to assessments in accordance with this chapter shall be members of an Insurance Regulatory Trust Fund Bureau, organized and maintained by such insurers and health maintenance organizations at their own expense, for the…
D.C. Code § 31-1209 Annual audit of Insurance Regulatory Trust Fund or District of Columbia Health Benefit Exchange Authority Fund
0.7K chars
Upon a vote of the Insurance Regulatory Trust Fund Bureau taken in accordance with its bylaws, the Insurance Regulatory Trust Fund Bureau, at its own expense, may annually arrange for an independent audit of the expenditures made in any fiscal year by the Insurance Regulatory Tru…
D.C. Code § 31-1210 Applicability
0.6K chars
(a) All health maintenance organizations, life, health, property, marine, title, casualty, fidelity, surety, insurance companies and fraternal benefit associations now or hereafter incorporated or formed in the District of Columbia or authorized to do business in the District of …