Title 31 — Insurance and Securities.
94 chapters · 1,236 sections in this title.
D.C. Code § 31-5001 Purposes of chapter
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The purposes of this chapter are: (1) To assure stability in the property insurance market for property located in the District of Columbia; (2) To assure the availability of basic property insurance and homeowner’s insurance as defined by this chapter; (3) To encourage maximum u…
D.C. Code § 31-5002 Definitions
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As used in this chapter, unless the context otherwise requires: (1) The term “Mayor” means the Mayor of the District of Columbia or his designated agent. (2) The term “basic property insurance” means insurance against direct loss to property caused by perils as defined and limite…
D.C. Code § 31-5003 Industry Placement Facility
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(a) Within 30 days after August 1, 1968, all insurers licensed to write and engaged in writing in the District of Columbia, on a direct basis, basic property insurance or any component thereof in multiperil policies shall establish an Industry Placement Facility. The Facility sha…
D.C. Code § 31-5004 Rules and regulations
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(a) The Industry Placement Facility shall on its own motion, or within 30 days after a request by the Mayor, submit to the Mayor such proposed rules and regulations applicable to insurers, agents, and brokers deemed necessary to assure all property owners fair access to basic pro…
D.C. Code § 31-5005 Joint Underwriting Association; establishment; composition; plan of operation; participation by members; board of directors
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(a) The Mayor is authorized to establish by order a Joint Underwriting Association if he finds, after notice and hearing, that such Association is necessary to carry out the purposes of this chapter. Such Joint Underwriting Association shall consist of all insurers licensed to wr…
D.C. Code § 31-5006 Supervision and regulation of operations by Mayor
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The operation of any inspection bureau, the Industry Placement Facility, and the Joint Underwriting Association shall at all times be subject to the supervision and regulation of the Mayor. The Mayor shall have the power of visitation of and examination into such operations and f…
D.C. Code § 31-5007 Immunity from liability in regard to statements concerning insurability
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There shall be no liability on the part of, and no cause of action of any nature shall arise against, insurers, any inspection bureau, the Industry Placement Facility, the Joint Underwriting Association, the agents or employees of such bureau, Facility, or Association, or any off…
D.C. Code § 31-5008 Annual reports by Association; additional information
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The Joint Underwriting Association shall file with the Mayor, annually on or before the 1st day of March, a statement which shall contain information with respect to its transactions, condition, operations, and affairs during the preceding year. Such statement shall contain such …
D.C. Code § 31-5009 Administrative appeals; judicial review
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(a) Any applicant for insurance and any affected insurer may appeal to the Mayor within 90 days after any final ruling, action, or decision by or on behalf of any inspection bureau, the Industry Placement Facility, or the Joint Underwriting Association, following exhaustion of re…
D.C. Code § 31-5010 Assessment of companies for reinsurance reimbursement fund; charge to insured to recover assessment
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(a) In order to carry out the purposes of this chapter and to make available to insurers who participate hereunder the reinsurance afforded under part B of title XII of the National Housing Act [12 U.S.C. § 1749bbb-7 et seq.] against losses to property resulting from riots or civ…
D.C. Code § 31-5011 Delegation of functions by Mayor
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The Mayor is authorized to delegate any of the functions vested in him by this chapter.