™Your Policy Risk Impact Agent
94 chapters · 1,017 sections in this title.
D.C. Code § 31-1801 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) “Controlling person” means any person, firm, association, or corporation who directly or indirectly has the power to direct, or caus…
D.C. Code § 31-1802 Licensure
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(a) No person, firm, association, or corporation shall act as a reinsurance broker in the District if the reinsurance broker maintains an office either directly or as a member or employee of a firm or association, or an officer, director, or employee of a corporation: (1) In the …
D.C. Code § 31-1803 Required contract provisions; reinsurance intermediary-brokers
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Transactions between a reinsurance broker and the insurer it represents shall only be entered into pursuant to a written authorization, specifying the responsibilities of each party. The authorization shall, at a minimum, provide that: (1) The insurer may terminate the reinsuranc…
D.C. Code § 31-1804 Books and records; reinsurance intermediary brokers
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(a) For at least 10 years after expiration of each contract of reinsurance transacted by the reinsurance broker, the reinsurance broker will keep a complete record for each transaction showing: (1) The type of contract, limits, underwriting restrictions, classes, or risks and ter…
