™Your Policy Risk Impact Agent
94 chapters · 1,017 sections in this title.
D.C. Code § 31-1501 Definitions
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For the purposes of this chapter, the term: (1) “Actuary” means a person who is a member in good standing of the American Academy of Actuaries. (2) “District” means the District of Columbia. (3) “Insurer” means any person, firm, association, or corporation duly licensed in the Di…
D.C. Code § 31-1502 Licensure
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(a) No person, firm, association, or corporation shall act in the capacity of a managing general agent with respect to risks located in the District for an insurer licensed in the District, unless the person is a licensed broker in the District. (b) No person, firm, association, …
D.C. Code § 31-1503 Required contract provisions
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No person, firm, association, or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is in force a written contract between the parties which sets forth the responsibilities of each party, and where both parties share r…
D.C. Code § 31-1504 Duties of insurers
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(a) The insurer shall have on file an independent financial examination, in a form acceptable to the Mayor, of each managing general agent with which it has done business. (b) If a managing general agent establishes loss reserves, the insurer shall annually obtain the opinion of …
