™Your Policy Risk Impact Agent
94 chapters · 1,017 sections in this title.
D.C. Code § 31-401 Definitions
2.2K chars
For the purposes of this chapter, the term: (1) “Accredited state” means a jurisdiction in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Associa…
D.C. Code § 31-402 Applicability
0.4K chars
This chapter shall apply to licensed insurers either domiciled in the District of Columbia or domiciled in a state that is not an accredited state having in effect a substantially similar law. All provisions of Chapter 7 of this title, to the extent they are not superseded by thi…
D.C. Code § 31-403 Applicability of minimum standards
1.2K chars
(a) The provisions of §§ 31-404, 31-405, and 31-406 shall apply if, in any calendar year, the aggregate amount of gross written premium on business placed with a controlled insurer by a controlling producer is equal to or greater than 5% of the admitted assets of the controlled i…
D.C. Code § 31-404 Required contract provisions
4.9K chars
A controlled insurer shall not accept business from a controlling producer and a controlling producer shall not place business with a controlled insurer unless there is a written contract between the controlling producer and the controlled insurer specifying the responsibilities …
