Source: https://code.dccouncil.us/dc/council/code/sections/31-1501.html
Timestamp: 2019-04-20 19:08:37
Document Index: 58870922

Matched Legal Cases: ['§ 31', '§ 31', '§ 31', '§\u200231', '§\u200235', '§ 31']

D.C. Law Library - § 31–1501. Definitions.
↪ § 31–1501. Definitions.
§ 31–1501. Definitions.
(3) “Insurer” means any person, firm, association, or corporation duly licensed in the District as an insurance company pursuant to §§ 31-4304 and 31-2502.02.
(4)(A) “Managing general agent” means any person, firm, association, or corporation who:
(B) Notwithstanding the above definition, the term “managing general agent” shall not apply to the following persons for the purposes of this chapter:
(5) “Producers” means an insurance broker or brokers or any other person, firm, association, or corporation, when for any compensation, commission or other thing of value, such person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation.
(6) “Underwrite” means the authority to accept or reject risks on behalf of the insurer.
1981 Ed., § 35-3001.
This section is referenced in § 31-1504.
Mayor authorized to issue rules: Section 8 of D.C. Law 10-41 provided that the Mayor shall, pursuant to subchapter I of Chapter 15 of Title 1 subchapter I of Chapter 5 of Title 2, 2001 Ed., issue rules to implement the provisions of this chapter.
Delegation of authority pursuant to D.C. Law 10-41, the Managing General Agents Act of 1993, see Mayor’s Order 94-54, March 7, 1994 ( 41 DCR 1433).