Title 31 — Insurance and Securities.
94 chapters · 1,236 sections in this title.
D.C. Code § 31-4101 Definitions
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For the purposes of this chapter, the term: (1) “Commissioner” means the Commissioner of the Department of Insurance, Securities, and Banking, or the commissioner, director, or superintendent of insurance in any other state. (A) Any person who performs that work; or (B) Any perso…
D.C. Code § 31-4102 Risk retention groups chartered in the District
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(a)(1) A risk retention group shall be chartered as an association captive insurer licensed pursuant to § 31-3931.01, and licensed to write only liability insurance pursuant to this chapter, and shall comply with all of the laws, rules, and regulations, and requirements applicabl…
D.C. Code § 31-4103 Risk retention groups not chartered in the District
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Risk retention groups chartered and licensed in states other than the District seeking to do business as a risk retention group in the District shall comply with the laws of the District as follows: (1)(A) Before offering insurance in the District, a risk retention group shall su…
D.C. Code § 31-4104 Restrictions
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(a) No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in the District, nor shall any risk retention group or its insureds or claimants against its insureds, receive any benefit…
D.C. Code § 31-4105 Countersignatures not required
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A policy of insurance issued to a risk retention group, or any member of that group, shall not be required to be countersigned as otherwise provided in the District of Columbia insurance law.
D.C. Code § 31-4106 Purchasing groups — Exemption from certain laws
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A purchasing group and its insurer or insurers shall be subject to all applicable laws of the District, except that a purchasing group and its insurer or insurers shall be exempt, in regard to liability insurance for the purchasing group, from any law that would: (1) Prohibit the…
D.C. Code § 31-4107 Notice and registration requirements of purchasing groups
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(a) A purchasing group which intends to do business in the District shall, prior to doing business, furnish notice to the Commissioner which shall: (1) Identify the state in which the group is domiciled; (2) Identify all other states in which the group intends to do business; (3)…
D.C. Code § 31-4108 Restrictions on insurance purchased by purchasing groups
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(a) A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or broker acting pursuant…
D.C. Code § 31-4109 Purchasing group taxation
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Premium taxes and taxes on premiums paid for coverage of risks resident or located in the District by a purchasing group or any members of the purchasing groups shall be: (1) Imposed at the same rate and subject to the same interest, fines, and penalties as that applicable to pre…
D.C. Code § 31-4110 Administrative and procedural authority regarding risk retention groups and purchasing groups
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The Commissioner is authorized to make use of any of the powers established under the Insurance Code of the District of Columbia to enforce the laws of the District of Columbia not specifically preempted by the federal Liability Risk Retention Act of 1986 (15 U.S.C. § 3901 et seq…
D.C. Code § 31-4111 Duty of agents or brokers to obtain license
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(a) No person, firm, association, or corporation shall act or aid in any manner in soliciting, negotiating, or procuring liability insurance in the District from a risk retention group unless the person, firm, association, or corporation is licensed as an insurance agent or broke…
D.C. Code § 31-4112 Binding effect of orders issued in United States District Court
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An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state, or in all states or in any territory or possession of the United States, upon finding that such a group is in hazardous fin…