Title 31 — Insurance and Securities.
94 chapters · 1,236 sections in this title.
D.C. Code § 31-1350 Domiciliary liquidators in other states
2.0K chars
(a) The domiciliary liquidator of an insurer domiciled in a reciprocal state shall, except as to special deposits and security on secured claims under § 31-1351(c), be vested by operation of law with the title to all of the assets, property, contracts, and rights of action, agent…
D.C. Code § 31-1351 Ancillary formal proceedings
2.0K chars
(a) If a domiciliary liquidator has been appointed for an insurer not domiciled in the District, the Commissioner may file a petition with the Superior Court of the District of Columbia requesting appointment as ancillary receiver in the District: (1) If he or she finds that ther…
D.C. Code § 31-1352 Ancillary summary proceedings
0.3K chars
The Commissioner, in his or her sole discretion, may institute proceedings under §§ 31-1308 and 31-1309 at the request of the commissioner or other appropriate insurance official of the domiciliary state of any foreign or alien insurer having property located in the District.
D.C. Code § 31-1353 Claims of nonresidents against insurers domiciled in the District of Columbia
1.2K chars
(a) In a liquidation proceeding begun in the District against an insurer domiciled in the District, claimants residing in foreign countries or in states not reciprocal states must file claims in the District, and claimants residing in reciprocal states may file claims either with…
D.C. Code § 31-1354 Claims of residents against insurers domiciled in reciprocal states
1.7K chars
(a) In a liquidation proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the insurer who reside within the District may file claims either with the ancillary receiver, if any, in the District, or with the domiciliary liquidator. Claims m…
D.C. Code § 31-1355 Attachment, garnishment, and levy of execution
0.3K chars
During the pendency in this, or any other state, of a liquidation proceeding, whether called by that name or not, no action or proceeding in the nature of an attachment, garnishment, or levy of execution shall be commenced or maintained in the District against the delinquent insu…
D.C. Code § 31-1356 Interstate priorities
1.5K chars
(a) In a liquidation proceeding in the District involving 1 or more reciprocal states, the order of distribution of the domiciliary state shall control as to all claims of residents of this and reciprocal states. All claims of residents of reciprocal states shall be given equal p…
D.C. Code § 31-1357 Subordination of claims for noncooperation
0.5K chars
If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in the District any assets within his or her control other than special deposits, diminished only by the expenses of the ancillary rec…