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94 chapters · 1,017 sections in this title.
D.C. Code § 31-1201 Definitions
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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
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(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
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(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
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(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…
