Title 31 — Insurance and Securities.
94 chapters · 1,236 sections in this title.
D.C. Code § 31-2001 Definitions
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For the purposes of this chapter, the term: (1) “Adjusted RBC Report” means an RBC report that has been adjusted by the Commissioner in accordance with § 31-2002(g). (2) “Commissioner” means the Commissioner of the Department of Insurance, Securities, and Banking. (3) “Corrective…
D.C. Code § 31-2002 RBC Reports
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(a) Every domestic insurer shall, on or prior to each March 1 (“filing date”), prepare and submit to the Commissioner a report of its RBC Levels as of the end of the calendar year just ended, in a form and containing such information as is required by the RBC Instructions. In add…
D.C. Code § 31-2003 Company Action Level Event
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(a) For the purposes of this chapter, the term “Company Action Level Event” means any of the following events: (1) The filing of an RBC Report by an insurer which indicates that: (A) The insurer’s total adjusted capital is greater than or equal to its Regulatory Action Level RBC,…
D.C. Code § 31-2004 Regulatory Action Level Event
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(a) For the purposes of this chapter, the term “Regulatory Action Level Event” means, with respect to any insurer, any of the following events: (1) The filing of an RBC Report by the insurer which indicates that the insurer’s total adjusted capital is greater than or equal to its…
D.C. Code § 31-2005 Authorized Control Level Event
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(a) For the purposes of this chapter, the term “Authorized Control Level Event” means any of the following events: (1) The filing of an RBC Report by the insurer which indicates that the insurer’s total adjusted capital is greater than or equal to its Mandatory Control Level RBC,…
D.C. Code § 31-2006 Mandatory Control Level Event
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(a) For the purposes of this chapter, the term “Mandatory Control Level Event” means any of the following events: (1) The filing of an RBC Report which indicates that the insurer’s total adjusted capital is less than its Mandatory Control Level RBC; (2) Notification by the Commis…
D.C. Code § 31-2007 Hearings
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(a) The insurer shall have a right to a hearing, at which the insurer may challenge any of the following determinations or actions by the Commissioner: (1) Notification to an insurer by the Commissioner of an Adjusted RBC Report; (2) Notification to an insurer by the Commissioner…
D.C. Code § 31-2008 Confidentiality; prohibition on announcements; prohibition on use in ratemaking
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(a) All RBC Reports (to the extent the information therein is not required to be set forth in a publicly available annual statement schedule) and RBC Plans (including the results or report of any examination or analysis of an insurer performed pursuant hereto and any Corrective O…
D.C. Code § 31-2009 Supplemental provisions; rules; exemption
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(a) The provisions of this chapter are supplemental to any other provisions of the laws of the District, and shall not preclude or limit any other powers or duties of the Commissioner under such laws, including, but not limited to, Chapter 13 and Chapter 21 of this title. (b) The…
D.C. Code § 31-2010 Foreign Insurers
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(a) Any foreign insurer, upon the written request of the Commissioner, shall submit to the Commissioner an RBC Report as of the end of the calendar year just ended on the later of: (1) The date an RBC Report would be required to be filed by a domestic insurer under this chapter; …
D.C. Code § 31-2011 Immunity
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There shall be no liability on the part of, and no cause of action shall arise against, the Commissioner or the Department of Insurance, Securities, and Banking or its employees or agents for any action taken by them in the performance of their powers and duties under this chapte…
D.C. Code § 31-2012 Notices
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All notices by the Commissioner to an insurer which may result in regulatory action hereunder shall be effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission shall be effective upon the insurer’s receipt of such notice.
D.C. Code § 31-2013 Phase-in provision
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(a) For RBC Reports required to be filed by life insurers with respect to 1993, the following requirements shall apply in lieu of the provisions of §§ 31-2003, 31-2004, 31-2005, and 31-2006: (1) In the event of a Company Action Level Event with respect to a domestic insurer, the …