Title 31 — Insurance and Securities.
94 chapters · 1,236 sections in this title.
D.C. Code § 31-3451.01 Definitions
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For the purposes of this chapter, the term: (1) “Adjusted RBC report” means an RBC report which has been adjusted by the Commissioner in accordance with § 31-3451.02(c). (2) “Authorized Control Level Event” means any of the following events: (A) The filing of an RBC report by the…
D.C. Code § 31-3451.02 RBC reports
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(a) A domestic health organization shall, prior to each March 2 (“filing date”), prepare and submit to the Commissioner a report of its RBC levels as of the end of the previous calendar year, in a form and containing such information as is required by the RBC instructions. In add…
D.C. Code § 31-3451.03 Company Action Level Event
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(a) If a Company Action Level Event occurs, the health organization shall prepare and submit to the Commissioner an RBC plan that shall: (1) Identify the conditions that contributed to the Company Action Level Event; (2) Contain proposals of corrective actions that the health org…
D.C. Code § 31-3451.04 Regulatory Action Level Event
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(a) If a Regulatory Action Level Event occurs, the Commissioner shall: (1) Require the health organization to prepare and submit an RBC plan or, if applicable, a revised RBC plan; (2) Perform such examination or analysis as the Commissioner considers necessary of the assets, liab…
D.C. Code § 31-3451.05 Authorized Control Level Event
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(a) If an Authorized Control Level Event occurs, the Commissioner shall: (1) Take such actions as are required under § 31-3451.04 with respect to a Regulatandy Action Level Event; and (2) If the Commissioner considers it to be in the best interests of the policyholders and credit…
D.C. Code § 31-3451.06 Mandatory Control Level Event
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(a) If a Mandatory Control Level Event occurs, the Commissioner shall take such action as is necessary to place the health organization under regulatory control under Chapter 34 of this title or Chapter 13 of this title. In such event, the Mandatory Control Level Event shall be s…
D.C. Code § 31-3451.07 Hearings
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(a) A health organization may request a confidential department hearing, on a record, to challenge a determination or action if the Commissioner notifies it of the following: (1) An adjusted RBC report; (2)(A) The health organization’s RBC plan or revised RBC plan is unsatisfacto…
D.C. Code § 31-3451.08 Confidentiality; prohibition on announcements; prohibition on use in rate making
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(a) All RBC reports (to the extent the information 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 a health organization performed under this chapter and any correc…
D.C. Code § 31-3451.09 Foreign health organizations
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(a)(1) A foreign health organization shall, upon the written request of the Commissioner, submit to the Commissioner an RBC report as of the end of the previous calendar year upon the later of: (A) The date that an RBC report would be required to be filed by a domestic health org…
D.C. Code § 31-3451.10 Supplemental provisions; rules; exemption
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(a) This chapter shall supplement the 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 Chapter 34 of this title and Chapter 13 of this title. (b) The Commissioner may promulgate …
D.C. Code § 31-3451.11 Immunity
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The Commissioner, the Department of Insurance and Securities Regulation, or its employees or agents shall not be liable for any action taken by them in the performance of their powers and duties under this chapter.
D.C. Code § 31-3451.12 Notices
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All notices by the Commissioner to a health organization that may result in regulatory action under this chapter shall be effective upon mailing if transmitted by registered or certified mail or, in the case of any other transmission, shall be effective upon the health organizati…
D.C. Code § 31-3451.13 Transition
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For RBC reports required to be filed by health organizations with respect to 2002, the following requirements shall apply in lieu of the provisions of §§ 31-3451.03, 31-3451.04, 31-3451.05, and 31-3451.06: (1) In the event of a Company Action Level Event with respect to a domesti…