Title 31 — Insurance and Securities.
94 chapters · 1,236 sections in this title.
D.C. Code § 31-4301 Department continued; personnel; performance of Commissioner’s duties; seal; Commissioner’s office and papers to be public; Commissioner’s annual reports; out-of-state visits
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(a) There shall be continued in the District a department charged with the execution of the laws relating to insurance, to be called the “Department of Insurance, Securities, and Banking.” At the head of such Department there shall be a Commissioner of the Department of Insurance…
D.C. Code § 31-4302 Collection of charges and fees
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(a) All charges and fees provided for in this section shall be collected by the Commissioner and made payable to the District of Columbia. (b) For filing charter or articles of incorporation or association, or deed of settlement or copy thereof, required by law, $300; for each co…
D.C. Code § 31-4303 Disposition of excess in fees, charges, or taxes
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Whenever it appears to the satisfaction of the Commissioner that, because of some error, mistake, or erroneous interpretation of a statute, a company has paid fees, charges, or taxes in excess of the amount legally chargeable against it, the Commissioner shall, on application of …
D.C. Code § 31-4304 Certificate of authority — Investigation of qualifications; effect; Issuance
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(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 § 31-4305 Certificate of authority — Revocation or suspension; grounds; hearing; alternative penalty
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(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 subdivision, or which: (1) Is impaired in capital or surplus…
D.C. Code § 31-4306 Annual financial statement — Forms to be furnished by Superintendent
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Repealed Repealed.
D.C. Code § 31-4307 Annual financial statement — Companies required to file; failure to file; publication of summary
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Repealed Repealed.
D.C. Code § 31-4308 Companies or agents not to make or publish false statements
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Repealed Repealed.
D.C. Code § 31-4309 Representation of financial standing—All companies or agents
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Repealed Repealed.
D.C. Code § 31-4310 Representation of financial standing — Alien companies; violations
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(a) Every advertisement or public announcement and every sign, circular, or card issued by an alien company doing business in the District, representing its financial standing, shall exhibit as capital stock and assets only the capital stock and assets held by its United States b…
D.C. Code § 31-4311 Defamatory or injurious false statements against companies
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Repealed Repealed.
D.C. Code § 31-4312 Commissioner authorized to issue subpoenas; enforcement
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(a) In the examination of any company as provided for in this subdivision, the Commissioner shall have power to issue subpoenas in the name of the Chief Judge of the Superior Court of the District of Columbia to compel witnesses to appear and testify and/or to produce all books, …
D.C. Code § 31-4313 Enforcement of Commissioner’s orders or actions
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The Commissioner may, through the Corporation Counsel of the District, invoke the aid of any court of competent jurisdiction to enforce any order made or action taken by him in pursuance of law.
D.C. Code § 31-4314 False statements in application for policy
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The falsity of a statement in the application for any policy of insurance shall not bar the right to recovery thereunder unless such false statement was made with intent to deceive or unless it materially affected either the acceptance of the risk or the hazard assumed by the com…
D.C. Code § 31-4315 Deposit of securities by companies desiring to transact business — Amount; deposits outside District
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(a) Every company desiring to transact business in the District shall, as a prerequisite to the issuance of a certificate of authority, deposit, as herein provided, approved securities of not less than $100,000 market value. In the case of domestic companies, such deposit shall b…
D.C. Code § 31-4316 Deposit of securities by companies desiring to transact business — Type of securities allowed; officials responsible for safekeeping; collection of income; substitution; decline in value
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(a) When any company is required by this subdivision to make a deposit in the District, such deposit shall be in securities of the class authorized by this subdivision for investments of companies, and shall be delivered by the company to the Executive Secretary of the District a…
D.C. Code § 31-4317 Deposit of securities by companies desiring to transact business — Withdrawal upon discontinuance of business or reinsurance
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(a) When a company determines to discontinue its business or to cease to do business in the District and desires to withdraw its deposit made in the District pursuant to this subdivision the Commissioner shall, upon the application of the company, and at its expense, give notice …
D.C. Code § 31-4318 Examinations; reports; expenses
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Repealed Repealed.
D.C. Code § 31-4319 Superintendent authorized to take over companies; grounds; procedure; liquidation; special agents and employees; rules and regulations; reports and bonds
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Repealed Repealed.
D.C. Code § 31-4320 Companies deemed insolvent
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Repealed Repealed.
D.C. Code § 31-4321 Reinsurance by Superintendent
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Repealed Repealed.
D.C. Code § 31-4322 Valuation of securities
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Repealed Repealed.
D.C. Code § 31-4323 Service of process; appointment of Superintendent as attorney of companies; violations
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Repealed Repealed.
D.C. Code § 31-4324 Political contributions prohibited; immunity of witnesses in proceedings in regard to violations
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Repealed Repealed.
D.C. Code § 31-4325 General agents, agents, or solicitors; issuance, expiration and renewal of required license; exceptions; termination of employment; information provided Superintendent deemed privileged
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Repealed Repealed.
D.C. Code § 31-4326 Suspension or revocation of licenses; grounds; hearing and appeal; alternative penalty
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Repealed Repealed.
D.C. Code § 31-4327 Judicial appeals from rulings of Superintendent; procedure; liability of Superintendent in proceedings
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Repealed Repealed.
D.C. Code § 31-4328 Brokers; issuance, revocation and renewal of required license; violations
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Repealed Repealed.
D.C. Code § 31-4329 Disposition of premiums paid to agents
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An insurance agent, solicitor, or broker who acts in negotiating or renewing or continuing a contract of insurance for a company lawfully doing business in the District, and who receives any money or substitute for money as a premium for such a contract from the insured, whether …
D.C. Code § 31-4330 Contractual rights of minors
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Any minor of the age of 15 years or more may, notwithstanding such minority, contract for life, health, and accident insurance on his own life for his or her own benefit or for the benefit of his father, mother, spouse, child, brother, sister, or for the benefit of any person who…
D.C. Code § 31-4331 Assessment companies prohibited
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Any company which makes insurance or reinsurance the performance of which is not guaranteed by the reserves required by this subdivision, but is contingent upon the payment of assessments or calls made upon its members, shall not be formed, admitted, or licensed in the District.
D.C. Code § 31-4332 Appeals from Commissioner to Mayor
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Any appeals to the Mayor from rulings of the Commissioner shall be perfected and filed with the Mayor within 20 days exclusive of Sundays and legal holidays from the date such rulings are communicated to the party at interest.