Title 31 — Insurance and Securities.
94 chapters · 1,236 sections in this title.
D.C. Code § 31-2501.01 Short title
0.1K chars
This chapter shall be known as the “Fire and Casualty Act.”
D.C. Code § 31-2501.02 Applicability of chapter
0.6K chars
All fire, marine, and casualty insurance companies now or hereafter incorporated or formed in the District or authorized to do business in the District, all brokers and all agents and other representatives of such companies shall, to the extent hereinafter provided, be subject to…
D.C. Code § 31-2501.03 Definitions
4.4K chars
In this chapter, unless the context otherwise requires: (1) “District” means District of Columbia. (2) “Mayor” means the Mayor of the District of Columbia. (3) “Commissioner” means the Commissioner of the Department of Insurance, Securities, and Banking or the officer or officers…
D.C. Code § 31-2502.01 Records of Commissioner; rules and regulations
0.4K chars
(a) The office of the Commissioner shall be a public office, and the records, books, and papers thereof on file therein shall be public records of the District, except as the Commissioner for good reason may decide otherwise, or except as it may be provided otherwise herein. (b) …
D.C. Code § 31-2502.02 Certificate of authority to do business — Issuance or renewal
1.5K chars
(a) The Commissioner shall issue a certificate of authority to a company when it shall have complied with the requirements of the laws of the District so as to be entitled to do business therein. The Commissioner may, however, satisfy himself by such investigation as he may consi…
D.C. Code § 31-2502.03 Certificate of authority to do business — Revocation or suspension
4.5K chars
(a) The Commissioner shall have power to revoke or suspend the certificate of authority to transact business in the District of any company which has failed or refused to comply with any provision or requirement of this chapter, or which: (1) Is impaired in capital or surplus; (2…
D.C. Code § 31-2502.04 Cessation of business
0.6K chars
If a company shall cease to do business in the District, it shall thereupon make report to the Commissioner of the taxable premiums collected which have not been reported prior to the date of the cessation of business, and shall forthwith pay to the Collector of Taxes of the Dist…
D.C. Code § 31-2502.05 Receivership proceedings
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.06 Receivership proceedings; insolvency; impairment
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.07 Receivership proceedings; insolvency; impairment
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.08 Required annual financial statements
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.09 Making or publishing material false statements
0.3K chars
Any director, officer, agent, or employee of any company who subscribes to, makes or concurs in making or publishing any annual or other statement required by law, knowing the same to contain any material statement which is false, shall be fined not more than $5,000 or imprisoned…
D.C. Code § 31-2502.10 Examinations by Superintendent; violations; acceptance of reports in lieu of examinations
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.11 Kinds of insurance authorized
2.9K chars
Any company authorized to do business in the District may, when empowered by its charter, make all or any 1 or more of the kinds of insurance and reinsurance comprised in either or both of the following classes, subject to and in accordance with the provisions of this chapter: On…
D.C. Code § 31-2502.12 Limitations on exposure to risks or hazards
0.8K chars
No company other than a mutual or reciprocal company doing business in the District shall expose itself to any loss on any one risk or hazard, whether located in the District or outside of the District, to an amount exceeding 10% of the sum of its capital stock and surplus. No mu…
D.C. Code § 31-2502.13 Minimum capital and surplus requirements
0.5K chars
Every stock company authorized to do business in the District shall have and shall at all times maintain a paid-up capital stock of not less than $300,000, and a surplus of not less than $300,000. Every domestic mutual company and every domestic reciprocal company shall have and …
D.C. Code § 31-2502.14 Applicability of provisions to existing companies
0.9K chars
No company shall be exempt from the provisions of this chapter by reason of its having been incorporated in the District or elsewhere prior to the effective date of this chapter, except that, in the case of companies authorized in the District on October 9, 1940, and continuously…
D.C. Code § 31-2502.15 Formation of domestic companies
0.8K chars
Any domestic stock, mutual, or reciprocal company desiring to transact business in the District shall, after complying with the general laws of the District governing the formation of companies or corporations, file with the Commissioner copies of its articles of incorporation, b…
D.C. Code § 31-2502.16 Acquisition, use and disposition of real estate by domestic companies
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.17 Power of domestic mutual companies to borrow or assume liability
0.9K chars
A domestic mutual company may borrow or assume liability for the repayment of a sum of money sufficient to defray the reasonable expenses of its organization or to enable it to comply with any requirement of law or as a surplus fund upon agreement which shall first be submitted t…
D.C. Code § 31-2502.18 Investment of funds by domestic companies
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.19 Exclusive agency contracts of domestic companies
0.9K chars
No domestic company authorized to do an insurance business in the District shall have or make any contract with any person whereby such person is granted the exclusive right or privilege to solicit, procure, write, produce, or manage the entire insurance business of such company,…
D.C. Code § 31-2502.20 Authority to transact business — Foreign or alien companies
1.0K chars
Upon complying with the provisions of this chapter, a foreign or alien company organized as a stock, mutual, or reciprocal company, or as a Lloyd’s organization, but not otherwise, may be authorized by certificate of authority to transact in the District the kind or kinds of busi…
D.C. Code § 31-2502.20a Authority to transact business — Lloyd’s organizations
3.7K chars
Individuals and aggregations of individuals transacting an insurance business upon the plan known as Lloyd’s whereby the individual underwriters become liable severally for specified proportions of the whole amount insured by a policy, heretofore organized under the laws of a sta…
D.C. Code § 31-2502.21 Procurement of certificate of authority by foreign or alien companies — Application forms
0.5K chars
A foreign or alien company, in order to procure a certificate of authority to transact business in the District, shall make application therefor to the Commissioner on forms prescribed and furnished by the Commissioner. Such forms shall be executed for the company, by its preside…
D.C. Code § 31-2502.22 Procurement of certificate of authority by foreign or alien companies — Delivery of certain documents to Commissioner; required showings; authorized examinations
2.8K chars
A foreign or alien company shall deliver to the Commissioner: (1) an application of the company for a certificate of authority: (2) a copy of its articles of incorporation or articles of association and amendments thereto, duly certified by the proper officer of the state or coun…
D.C. Code § 31-2502.23 Service of process upon foreign or alien companies
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.24 Names or designations used by mutual companies and reciprocal or interinsurance exchanges
0.6K chars
Except as otherwise provided in § 31-2502.14, no mutual company shall be authorized to transact business in the District unless the name of such company shall include the word “mutual,” and no reciprocal or interinsurance exchange shall be authorized to transact business in the D…
D.C. Code § 31-2502.25 Premiums of mutual companies
0.5K chars
The maximum premium shall be expressed in the policy of a mutual company, and it may be solely a cash premium, or may be a cash premium and an additional contingent premium, which contingent premium shall be not less than the cash premium, but no mutual company, except as otherwi…
D.C. Code § 31-2502.26 Company reserves
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.26a Actuarial opinion of reserves
2.2K chars
(a) Every property and casualty insurance company doing business in the District, unless otherwise exempted by the Commissioner, shall annually submit the opinion of an actuary appointed by the company entitled “Statement of Actuarial Opinion.” The opinion shall be prepared and f…
D.C. Code § 31-2502.26b Confidentiality of actuarial opinions, summaries, reports, and workpapers
3.4K chars
(a) The Statement of Actuarial Opinion shall be provided with the annual financial statement required by § 31-1901, in accordance with the appropriate National Association of Insurance Commissioners Property and Casualty Annual Statement Instructions and shall be a public documen…
D.C. Code § 31-2502.27 Filing and approval of policy forms
0.6K chars
The Commissioner may require that all policy forms used by every company covering risks in the District be filed with the Commissioner. The Commissioner shall have authority to disapprove, within 60 days after the date of the receipt of a filing, the use in the District of any po…
D.C. Code § 31-2502.28 Rate and form filing requirements for accident and health policies
0.4K chars
The Commissioner may require that the provisions and conditions contained in any policy of insurance against loss or damage from sickness or bodily injury or death of the insured by accident issued by, and the rate-making and filing obligations of, any company authorized by this …
D.C. Code § 31-2502.28a Flood insurance notice requirements for the provision of homeowner’s and renter’s insurance
3.0K chars
(a) Within 90 days of September 19, 2013, a company authorized to sell or negotiate homeowner’s or renter’s insurance in the District of Columbia shall provide a written notice that states that a standard homeowner’s or renter’s insurance policy does not cover losses from flood t…
D.C. Code § 31-2502.28b Sewer-line backup insurance notice requirements for the provision of homeowner’s and renter’s insurance
2.8K chars
(a) Within 90 days of September 19, 2013, a company authorized to sell or negotiate homeowner’s or renter’s insurance in the District of Columbia shall provide a written notice that states that a standard homeowner’s or renter’s insurance policy does not cover losses from sewer-l…
D.C. Code § 31-2502.29 Discriminations prohibited
0.5K chars
Discrimination between individual risks of the same class or hazard in the amount of premiums or rates charged for any policy, or in the benefits or amount of insurance payable thereon, or in any of the terms or conditions of such policy, or in any other manner whatsoever, is pro…
D.C. Code § 31-2502.30 Powers of agents, salaried employees and brokers
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.31 Compensation of unlicensed persons prohibited
0.6K chars
No company, policy-writing agent, soliciting agent, broker, or salaried employee shall pay any money or commission or brokerage or give or allow any valuable consideration to any person for or because of service in the District in negotiating or effecting a policy on any person, …
D.C. Code § 31-2502.32 Procedure for obtaining licenses
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.33 Effective dates
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.34 Temporary transfer of licenses
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.35 Renewal of licenses
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.36 Revocation and suspension of licenses
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.37 Unauthorized solicitation or representation
0.0K chars
Repealed Repealed.
D.C. Code § 31-2502.38 Exceptions to licensing provisions
0.5K chars
The provisions of this chapter relating to the licensing of policy-writing agents, soliciting agents, salaried company employees, and brokers shall not apply to the sale of personal accident insurance in the ticket offices of railroad companies or other common carriers, or in the…
D.C. Code § 31-2502.39 Persons not to act for unauthorized companies
2.0K chars
Except as provided in § 31-2502.40, no person shall act as agent in the District for any company which is not authorized to do business in the District, nor shall any person directly or indirectly negotiate for or solicit applications for policies of, or for membership in, any co…
D.C. Code § 31-2502.40 License to procure policies from unauthorized companies
2.9K chars
(a) Any person may be licensed as a surplus lines insurance producer under Chapter 11A of this title to procure policies from companies which are not authorized to do business in the District where such person is, after diligent effort, unable to procure policies to cover the kin…
D.C. Code § 31-2502.41 License fees
0.4K chars
(a) Annual fees to be paid through the Commissioner to the District of Columbia for licenses issued under this chapter shall include a $250 annual renewal fee for registration and certification for Risk Retention and Purchasing Groups and any other fee established pursuant to sub…
D.C. Code § 31-2502.42 Violations of provisions
0.9K chars
(a) Any person who violates any of the provisions of this chapter, or fails to comply with any duty imposed upon such person by any of the provisions of this chapter, for which violation or failure no penalty is elsewhere provided by this chapter, or by the laws of the District, …