District of Columbia Insurance Act
PL 93-89 (H.R.4083), enacted 08/14/1973

87 STAT. ] 
PUBLIC LAW 93-89-AUG. 14, 1973 
297 
Public Law 93-89 
AN ACT 
To improve the laws relating to the regulation of insurance in the District of 
Columbia, and for other purposes. 
August 14, l')73 
[H. R. 4083] 
Be it enacted hy the Seriate and House of Representatives 
of the 
United States of America in Congress assembled^ That this Act may 
°/^*bil* in^sut-
be cited as the "District of Columbia Insurance Act". 
^LTxct 
TITLE I—DISTKICT OF COLUMBIA POST ASSESSMENT 
INSURANCE GUARANTY ASSOCIATION ACT 
SEC. 101. This title shall be known and may be cited as the "District 
of Columbia Insurance Guaranty Association Act". 
SEC. 102. The purpose of this title is to provide a mechanism for 
the payment of covered claims under certain insurance policies to 
avoid excessive delay in payment and to avoid financial loss to claim-
ants or policyholders because of the insolvency of an insurer, to assist 
in the detection and prevention of insurer insolvencies, and to provide 
an association to assess the cost of such protection among insurers. 
SEC. 103. This title shall apply to all kinds of direct insurance, 
except life, title, disability, and mortgage guaranty insurance. 
SEC. 104. As used in this title— 
(1) The term "Commissioner" means the Commissioner of the Dis-
trict of Columbia or his designated agent. 
(2) The term "covered claim" means an unpaid claim, including 
one for unearned premiums, which arises out of and is within the 
coverage and not in excess of the applicable limits of an insurance 
policy to which this title applies issued by an insurer, if such insurer' 
becomes an insolvent insurer after the effective date of this title and 
(a) the claimant or insured is a resident of the District of Columbia 
at the time of the insured event; or (b) the property from which the 
claim arises is permanently located in the District of Columbia. Such 
term shall not include any amount due any reinsurer, insurer, insur-
ance pool, or underwriting association, as subrogation recoveries or 
otherwise. 
(3) The term "insolvent insurer" means (a) an insurer authorized 
to transact insurance in the District of Columbia, either at the time 
the policy was issued or when the insured event occurred, who has 
been determined to be insolvent by a court of competent jurisdiction. 
(4) The term "member insurer" means any person who (a) writes 
any kind of insurance to which this title applies, including the 
exchange of reciprocal or interinsurance contracts, and (b) is licensed 
to transact insurance in the District of Columbia. 
(5) The term "net direct written premiums" means direct gross 
premiums written in the District on insurance policies to which this 
title applies, less return premiums thereon and dividends paid or 
credited to policyholders on such direct business. Such term does not 
include premiums on contracts between insurers or reinsurers. 
(6) The term "person" includes individuals, corporations, associa-
tions, exchanges, and partnerships. 
SEC. 105. There is created a nonprofit unincorporated legal entity 
to be known as the District of Columbia Insurance Guaranty Associa-
tion (hereafter in this title referred to as the "Association"). All 
member insurers shall be and remain members of the Association as a 
condiiion of their authority to transact insurance in the District of 
Columbia. The Association shall perform its functions under a plan of 
operation established and approved by the Commissioner and shall 
exercise its powers through a Board of Directors (hereafter in this 
Citation of 
title. 
Definitions. 
D.C, Insurance 
Guaranty Associ-
ation. 
Establishment. 
298 
PUBLIC L
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[87 STAT. 
Vacancies. 
Expenses. 
Duties. 
title referred to as the "Board"). For purposes of administration and 
assessment, the Association shall be divided into three separate 
accounts: (a) the workmen's compensation insurance account; (b) 
the automolbile insurance account; and (c) the account for all other 
insurance to which this title applies. 
Board members. 
SEC. 106. (a) The Board shall cousist of uot less than five uor uiore 
than nine persons serving terms as established in the plan of operation. 
The members of the Board shall be selected by member insurers subject 
to the approval of the Commissioner. Vacancies on the Board shall be 
filled for the remaining period of the term in the same manner as 
initial appointments. If no members are selected within sixty days 
after the effective date of this title, the Commissioner may appoint tlie 
i nitial members of the Board. 
(b) In approving selections to the Board, the Commissioner shall 
consider among other things whether all member insurers are faii-ly 
represented. 
(c) Members of the Board may be reimbursed from the assets of 
the Association for expenses incurred by them as members of the 
Board. 
SEC. 107. (a) The Association shall— 
(1) be obligated to the extent of the covered claims existing 
prior to the determination of insolvency and arising within thirty 
days after the determination of insolvency, or before the policy 
expiration date if less than thirty days after the determination, 
or before the insured replaces the policy or causes its cancellation, 
if he does so within thirty days of the determination, but such 
obligation shall include only that amount of each covered claim 
which is in excess of $100 and is less than $300,000, except that 
the Association shall pay the full amount of any covered claim 
arising out of a workmen's compensation policy; except in no 
event shall the Association be obligated to a policyholder or 
claimant in an amount in excess of the obligation of the insolvent 
insurer under the policy from which the claim arises; 
(2) be deemed the insurer to the extent of its obligation on tlie 
covered claims and to such extent shall have all righti, duties, and 
obligations of the insolvent insurer as if the insurer had not 
become insolvent; 
(3) allocate claims paid and expenses incurred among the three 
accounts separately, and assess member insurers separately, 
according to subsection (b) of this section, for each account 
amounts necessary to pay the obligations of the Association under 
paragraph (1) of this subsection subsequent to an insolvency, 
the expenses of handling covered claims subsequent to an insol-
vency, the cost^ of examinations under section 112 and other 
expenses authorized by this title; 
(4) investigate claims brought against the Association and 
adjust, compromise, settle, and pay covered claims to the extent 
of the Association's obligation and deny all other claims and may 
review settlements, releases and judgments to which the insolvent 
insurer or its insureds were parties to determine the extent to 
which such settlements, releases and judgments may be properly 
contested; 
(5) notify such persons as the Commissioner directs under 
section 109(b)(1); 
(6) handle claims through its employees or through one or 
more insurers or other persons designated, subject to the approval 
of the Commissioner, as servicing facilities, except auoh desig-
nation may be declined by a member insurer; and 
87 STAT.] 
PUBLIC LAW 93-89-AUG. 14, 1973 
299 
(7) reimburse each servicing facility for obligations of the 
Association paid by the facility and for expenses incurred by the 
facility while handling claims on behalf of the Association, and 
pay the other expenses of the Association authorized by this title. 
(b) The assessments of each member insurer under paragraph (3) 
of subsection (a) of this section shall be in the proportion that the 
net direct written premiums of the member insurer for the preceding 
calendar year on the kinds of insurance in the account bears to the 
net direct written premiums of all member insurers for the preceding 
calendar year on the kinds of insurance in the account. Each member 
insurer shall be notified of the assessment not later than thirty days 
before it is due. No member insurer may be assessed in any year on 
any account an amount greater than 2 per centum of that member 
insurer's net direct written premiums for the preceding calendar year 
on the kinds of insurance in the account. If the maximum assessment, 
together with the other assets of the Association in any account, does 
not provide in any one year in any account an amount sufficient to 
make all necessary payments from that account, the funds available 
shall be prorated and the unpaid portion shall be paid as soon there-
after as funds become available. The Association may exempt or defer, 
in whole or in part, the assessment of any member insurer, if the 
assessment would cause the member insurer's financial statement to 
reflect amounts of capital or surplus less than the minimum amounts 
required for a certificate of authority by any jurisdiction in which 
the member insurer is authorized to transact insurance. Each member 
insurer may set off against any assessment, authorized payments made 
on covered claims and expenses incurred in the payment of such claims 
by the member insurer if they are chargeable to the account for which 
the assessment is made. 
(c) The Association may— 
(1) employ or retain such persons as are necessary to handle 
claims and perform other duties of the Association; 
(2) borrow funds necessary to effect the purposes of this title 
in accord with the plan of operation; 
(3) sue or be sued; 
(4) negotiate and become a party to such contracts as are 
necessary to carry out the purpose of this title; 
(5) perform such other acts as are necessary or proper to 
effectuate the purpose of this title; and 
(6) refund to the member insurers in proportion to the contri-
bution of each member insurer to that account that amount by 
which the assets of the account exceed the liabilities, if, at the end 
of any calendar year, the Board finds that the assets of the 
Association in any account exceed the liabilities of that account 
as estimated by the Board for the coming year. 
SEC. 108. (a) (1) The Board shall submit to the Commissioner a 
plan of operation and any amendments thereto necessary or suitable 
to assure the fair, reasonable, and equitable administration of the 
Association. The plan of operation and any amendments thereto shall 
become effective upon approval in writing by the Commissioner. 
(2) If the Board fails to submit a suitable plan of operation within 
ninety days following the effective date of this title or if at any time 
thereafter the Board fails to submit suitable amendments to the plan, 
the Commissioner shall, after notice and hearing, adopt and promul-
gate such reasonable rules as are necessary or advisable to effectuate 
the provisions of this title. Such rules shall continue in force until 
modified by the Commissioner or superseded by a plan submitted by 
the Board and approved by the Commissioner. 
Assessments, 
Plan of opera-
tion. 
Rules. 
powers 
300 
PUBLIC LAW 93-89-AUG. 14, 1973 
[87 STAT. 
(b) All member insurers shall comply with the plan of operation. 
(c) The plan of operation shall— 
(1) establish the procedures whereby all the powers and duties 
of the Association under section 107 will be performed; 
(2) establish procedures for handling assets of the Association; 
(3) establish the amount and method of reimbursing members 
of the Board under section 106; 
(4) establish procedures by which claims may be filed with the 
Association and establish acceptable forms of proof of covered 
claims; 
(5) establish regular places and times for meetings of the 
Board; 
(6) establish procedures for records to be kept of all financial 
transactions of the Association, its agents, and the Board; 
(7) provide that any member insurer aggrieved by a final 
action or decision of the Association may appeal to the Commis-
sioner within thirty days after the action or decision; 
(8) establish the procedures whereby selections for the Board 
will be submitted to the Commissioner; and 
(9) contain additional provisions necessary or proper for the 
execution of the powers and duties of the Association. 
>wlrt^^*'°" °^ 
(^) "^^^^ plan of operation may provide that any or all powers and 
duties of the Association, except those under subsections 107 (a) (3) 
and (c) (2), are delegated to a corporation, association, or other orga-
nization which performs or will perform functions similar to those 
of this Association, or its equivalent, in two or more States. Such a 
corporation, association, or organization shall be reimbursed as a 
servicing facility would be reimbursed and shall be paid for its per-
formance of any other functions of the Association. A delegation under 
this subsection shall take effect only with the approval of both the 
Board and the Commissioner, and may be made only to a corporation, 
association, or organization which extends protection in a manner 
substantially similar to that provided by this title. 
(e) Notice of claims to the receiver or licjuidator of the insolvent 
insurer shall be deemed notice to the Association or its agent and a 
list of such claims shall be periodically submitted to the Association 
or similar organization in another State by the receiver or liquidator. 
SEC. 109. (a) The Commissioner shall— 
(1) notify the Association of the existence of an insolvent 
insurer not later than three days after he receives notice of the 
determination of the insolvency; and 
(2) upon request of the Board provide the Association with 
a statement of the net direct written premiums of each member 
insurer. 
(b) The Commissioner may— 
(1) require that the Association notify the insureds of the 
involvent insurer and any other interested parties of the deter-
mination of insolvency and of their rights under this title by mail 
at their last known address, where available, or by publication in a 
newspaper of general circulation, if sufficient information for 
notification by mail is not available; 
(2) suspend or revoke, after notice and hearing, the certificate 
of authority to transact insurance in the District of Columbia of 
anv member insurer which fails to pay an assessment when due or 
fails to comply with the plan of operation, or levy a fine on any 
member insurer which fails to pay an assessment when due, except 
such fine shall not exceed 5 per centum of the unpaid assessment 
per month, except that no fine shall be less than $100 per month; 
and 
87 STAT. ] 
PUBLIC LAW 93-89-AUG. 14, 1973 
301 
(3) revoke the designation of any servicing facility if he finds 
claims are being handled unsatisfactorily. 
(c) All final orders or decisions of the Commissioner made nnder 
this Act shall be subject to review in accordance with section 11 of the 
District of Columbia Administrative Procedures Act (D.C. Code, 
s e c . 1 - 1 5 1 0 ) . 
82 Stat. 1209; 
SEC. 110, (a) Any person recovering under this title shall be deemed ^"^R^^hVs^^al'si 
to have assigned his rights under the policy to the Association to the ment. 
extent of his recovery from the Association. Every insured or claimant 
seeking the protection of this title shall cooperate with the Association 
to the same extent as such person would have been required to cooperate 
with the insolvent insurer. The Association shall have no cause of 
action against the insured of the insolvent insurer for any sums it has 
paid out except such causes of action as the insolvent insurer would 
have had if such sums had been paid by the insolvent insurer. In the 
case of an insolvent insurer operating on a plan with assessment 
liability, payments of claims of the Association shall not operate to 
reduce the insured's liability to the receiver, liquidator, or statutory 
successor for unpaid assessments. 
(b) The receiver, liquidator, or statutory successor of an insolvent 
insurer shall be bound by settlements of covered claims by the Asso-
ciation or a similar organization in another State. The court having 
jurisdiction shall grant such claims priority equal to that which the 
claimant would have been entitled in the absence of this title against 
the assets of the insolvent insurer. 
(c) The Association shall periodically file with the receiver or 
liquidator of the insolvent insurer statements of the covered claims 
paid by the Association which shall preserve the rights of the Asso-
ciation against the assets of the insolvent insurer. 
SEC. 111. (a) Any person having a claim against an insurer under 
any provision in an insurance policy, other than a policy of an insol-
vent insurer which is also a covered claim, shall be required to exhaust 
first his right under such policy. Any amount payal3le on a covered 
claim under this title shall be reduced by the amount of any recovery 
under such insurance policy. 
(b) Any person having a claim whicih may be recovered under more 
than one insurance guaranty association or its equivalent shall seek 
recovery first from the association of the place of residence of the 
insured except that if it is a first party claim for damage to property 
with a permanent location, he shall seek recovery first from the asso-
ciation of the location of the property, and if it is a workmen's com-
pensation claim, he shall seek recovery first from the association of 
the residence of the claimant. Any recovery under this title shall be 
reduced by the amount of recovery from any other insurance guaranty 
association or its equivalent. 
SEC. 112. (a) To aid in the detection and prevention of insurer 
insolvencies— 
(1) it shall be the duty of the Board, upon majority vote, to 
notify the Commissioner of any information indicating any mem-
ber insurer may be insolvent or in a financial condition hazardous 
to the policyholders or the public; and 
(2) the Board may, upon majority vote, request that the Com-
missioner order an examination of any member insurer which the 
Board in good faith believes may be in a financial condition haz-
ardous to the policyholders or the public. 
(b) An examination may be conducted, under this section, as a 
National Association of Insurance Commissioner examination or may 
be conducted by such person as the Commissioner designates. The cost 
of such examination shall be paid hj the Association and the examina-
Insurer insol-
incies, preven-
302 
PUBLIC LAW 93-89-AUG. 14, 1973 
[87 STAT. 
tion report shall be treated as are other examination reports. In no 
event shall such examination report be released to the Board prior 
to its release to the public, but this shall not preclude the Commissioner 
from complying with subsection (c) of this section. The Commissioner 
shall notify the Board when the examination is completed. The request 
for an examination shall be kept on file by the Commissioner but it 
shall not be open to public inspection prior to the release of the 
examination report to the public. 
(c) It shall be the duty of the Commissioner to report to the Board 
when he has reasonable cause to believe that any member insurer 
examined or being examined at the request of the Board may be insol-
vent or in a financial condition hazardous to the policyholders or the 
public. 
Reports. 
(d) The Board may, upon majority vote, make reports and recom-
mendations to the Commissioner upon any matter germane to the 
solvency, liquidation, rehabilitation, or conservation of any member 
insurer. Such reports and recommendations shall not be considered 
public documents. 
(e) The Board may, upon majority vote, make recommendations to 
the Commissioner for the detection and prevention of insurer 
insolvencies. 
(f) The Board shall, at the conclusion of any insurer insolvency 
in which the Association was obligated to pa;^ covered claims, prepare 
a report on the history and causes of such insolvency, based on the 
information available to the Association, and submit such report to 
the Commissioner. 
SEC. 113. The Association shall be subject to examination and reg-
ulation by the Commissioner. The Board shall submit, not later than 
March 30 of each year, a financial report for the preceding calendar 
year on a form approved by the Commissioner. 
Tax exemption. 
SEC. 114. The Associatioii shall be exempt from payment of all fees 
and taxes levied or collected by the District of Columbia, except taxes 
levied on real or personal property. 
SEC. 115. The rates and premiums charged for insurance policies to 
which this title applies shall include amounts sufficient to recoup a 
sum equal to the amounts paid to the Association by the member 
insurer less any amounts returned to the member insurer by the Associ-
ation and such rates shall not be deemed excessive because they contain 
an amount reasonably calculated to recoup assessments paid by the 
member insurer. 
SEC. 116. There shall be no liability on the part of and no cause of 
action of any nature shall rise against anv member insurer, the Asso-
ciation or its agents or employees, the Board, or the Commissioner 
or his representatives for any action taken bv them in the performance 
of their powers and duties under this title. 
SEC. 117. All proceedings in which the insolvent insurer is a party 
or is obligated to defend a party in any court in the District of 
Columbia shall be stayed for sixty days from the date the insolvency 
is determined to permit proper defense by the Association of all pend-
ing causes of action. As to any covered claims arising from a judgment 
under any decision, verdict, or finding based on the default of the 
insolvent insurer or its failure to defend an insured, the Association 
either on its own behalf or on behalf of such insured may apply to 
have such judgment, order, decision, verdict, or finding set aside by 
the same court or administrator that made such judgment, order, 
decision, verdict, or finding and shall be permitted to defend against 
such claim on the merits. 
SEC. 118. (a^ The Commissioner shall by order terminate the oper-
ation of the District of Columbia Insurance Guaranty Association as 
87 STAT. ] 
PUBLIC L
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303 
to any kind of insurance afforded by property or casualty insurance 
policies with respect to which he has found, after hearing, that there 
IS in effect a statutory or voluntary plan which— 
(1) is a permanent plan which is adequately funded or foi-
which adequate funding is provided; and 
(2) extends or will extend to District of Columbia policy-
holders and residents protection and benefits with respect to 
insolvent insurers not substantially less favorable and effective 
to such policyholders and residents and the protection and benefits 
provided with respect to such kind of insurance under this title. 
(b) The Commissioner shall by the same such order authorize dis-
continuance of future payments by insurers to the District of Columbia 
Insurance Guaranty Association with respect to the same kinds of 
insurance, except assessments and payments shall continue, as neces-
sary, to liquidate covered claims of insurers adjudged insolvent prior 
to said order and the related expenses not covered by such other plan. 
(c) In the event the operation of any account of the District of 
Columbia Insurance Guaranty Association shall be so terminated as 
to all kinds of insurance otherwise within its scope, the Association 
as soon as possible thereafter shall distribute the balance of money? 
and assets remaining in said account (after discharge of the functions 
of the Association with respect to prior insurer insolvencies not covered 
by such other plan^ together with related expenses) to the insurers 
which are then writing in the District of Columbia policies of the kinds 
of insurance covered by such account, and which had made payments 
into such account, pro rata upon the basis of the aggregate of such 
payments made by the respective insurers to such account during the 
period of five years next preceding the date of such order. Upon com-
pletion of such distribution with respect to all of the accounts specified 
in section 105, this title shall be deemed to have expired. 
TITLE I I — A M E N D M P : N T OF THE LIFE INSURANCE ACT 
OF THE DISTRICT OF COLUMBIA TO INCREASE CAPI-
TAL REQUIREMENTS OF LIFE INSURANCE COMPANIES 
SEC. 201. Chap)ter 3 of the Life Insurance Act (D.C. Code, sees. 
^5-501—^35-541) is amended as follows: 
(1) Section 8(a) of such chapter (D.C. Code, sec. 35-508(a)) ysiurreV*"'" 
is amended (A) by striking out in the first sentence "$200,000" 
and inserting in lieu thereof "$1,000,000", and (B) by striking 
out in the last sentence "$150,000" and inserting in lieu thereof 
"$1,600,000". 
(2) Section 8(b) of such chapter (D.C. Code, sec. 35-508(b)) 
is amended (A) by inserting "or subsequent amendment" imme-
diately after "subsection", and (B) by inserting "or the minimum 
surplus requii-ed of a mutual company" immediately after "stock 
company". 
(3) Paragraph 10(b) (ii) of section 35 of such chapter (D.C. 
Code, sec. 35-535 (10)(b)(ii)) is amended by striking out 
7
8 stat. res. 
"$300,000" and "$150,000" and inserting in lieu thereof 
"$1,600,000" in each such place. 
(4) Paragraph (15) (ii) of section 35 of such chapter (D.C. 
Code, sec. 35-535(15) (ii)) is amended by striking out "$300,000'* 
7
4 stat. ses; 
and "$150,000" and inserting in lieu thereof "$1,500,000" in each '® ^'"'"'"' 
such place. 
SEC. 202. The amendment made by this title shnll take effect thirty 
Effective date. 
days after the date of enactment of this Act. 
304 
PUBLIC LAW 93-89-AUG. 14, 1973 
[87 STAT. 
TITLE III—AMENDMENT OF THE L I F E INSURANCE ACT 
OF THE DISTRICT OF COLUMBIA TO INCREASE GROUP 
TERM L I F E INSURANCE AMOUNT LIMITATIONS 
SEC. 30L Sections 10(1) (d), 10(3) (d), 10(4) (d), 10(6) (d), and 
10(9) (d) of chapter V of the Life Insurance Act (D.C. Code, sees. 
74 Stat. 315; 
35-710 ( l ) ( d ) , (3)(d), (4)(d), (6)(d), and (9)(d)), are amended 
76 Stat. 1131. 
^2^^ i^y striking out "$20,000" each place it appears and inserting in 
lieu thereof "$30,000"; (2) by striking out "$40,000" each place it 
appears and inserting in lieu thereof "$100,000"; and (3) by striking 
out "150" each place it appears and inserting in lieu thereof "300". 
SEC. 302. The first sentence of section 11 of chapter V of the, Life 
64 Stat. 333. 
lusurauce Act (D.C. Code, sec. 35-711), is amended (1) by striking 
out "and" between clauses (b) and (c), (2) by striking out the colon 
at the end of clause (c) and inserting in lieu thereof a semicolon and 
(3) by inserting immediately thereafter a new clause (d) as follows: 
"and (d) that subject to the terms of the policy any person insured 
under a group life insurance contract, whether issued before or after 
the effective date of this clause, may make to any person, other than 
his employer, an absolute or collateral assignment of any or all the 
rights and benefits conferred on him by any provision of such policy 
or by law, including specifically, but not by way of limitation, any 
right to designate a beneficiary or beneficiaries thereunder and any 
right to have an individual policy issued upon termination either of 
employment or of said policy of group life insurance, but nothing 
herein shall be construed to have prohibited an insured from making 
an assignment of all or any part of his rights and privileges under 
the policy before the effective date of this clause and, subject to the 
terms of the policy, an assignment by an insured before or after the 
effective date of this clause is valid for the purposes of vesting in the 
assignee all rights and privileges so assigned, but without prejudice 
to the insurer on account of any payment it may make or individual 
policy it may issue prior to receipt of notice of the assignment:". 
TITLE IV—AMENDMENT O F T H E F I R E AND CASUALTY 
ACT REGULATING T H E BUSINESS OF FIRE, MARINE, 
AND CASUALTY INSURANCE IN T H E DISTRICT O F 
COLUMBIA 
SEC. 401. Sections 13 and 14 of chapter I I of the Fire and Casualty 
Jt ®*^Vo?^°' 
Act (D.C. Code, sees. 35-1316 and 35-1317), are amended to read as 
follows: 
"SEC. 13. MINIMUM CAPITAL AND SURPLUS REQUIREMENT.—Every 
stock company authorized to do business in the District shall have and 
shall at all times maintain a paid-up capital stock of not less than 
$300,000, and a surplus of not less than $300,000. Every domestic 
mutual company and every domestic reciprocal company shall have 
and shall at all times maintain a surplus of not less than $300,000 and 
every foreign or alien mutual company and every foreign or alien 
reciprocal company shall have and shall at all times maintain a surplus 
of not less than $400,000. 
"SEC. 14. CORPORATIONS HERETOFORE FORMED.—No company shall be 
exempt from the provisions of this subsection by reason of its having 
been incorporated in the District or elsewhere prior to the effective 
date of this subsection, except that, in the case of companies authorized 
in the District on the date of approval of this subsection and continu-
87 STAT. ] 
PUBLIC LAW 93-90-AUG. 14, 1973 
305 
oualy thereafter without any increase of authority, the minimum capi-
tal and surplus required of a stock company, and the minimum surplus 
iv(iuire(l of a mutual or- reciprocal company, or of a Lloyd's organiza-
tion by the laws of the District heretofore applicable shall not be 
increased by this subsection, and provided also that in the case of such 
continuously author-ized companies the provisions of section -li 
ii'latinjr to the names of companies, and the provisions of section 25 
relating to the amount of surplus necessary to the issuance of policies 
having no i)rovision for contingent liability, shall not be applicable." 
SEC. 402. Section 25 of chapter I I of the Fire and Casualty Act 
(i).C. Code, sec. 85-1829) is amended by striking out "$300,000" and 
inserting in lieu thereof "$600,000". 
54 Stat. 1076, 
TITLE 
V—AMENDMENT OF AMOUNT O F 
CONTRACT 
WITH 
T H E (lOVERNMENT OF T H E DISTRICT 
OF 
(X)LT'MBIA FOR WHICH A SURETY BOND IS REQUIRED 
SKC. 50 L The tirst section of the Act entitled "An Act in relation 
to contiacts with the District of Columbia" approved June 28, 190(5 
(\)X\ Code, sec. 1-805), and the first section of the Act of August 3. 
Jl,l\%\^^'' 
IDttS (I).C. Code. sec. l-804a) (relating to contracts with the District 
82 stat. 628. 
of Columbia), are each amended by striking out "$2,000" wherever 
it appears in each such first section and inserting in lieu thereof 
••$10,000*", 
Approved August 14, 1973. 
Public Law 93-90 
A N A C T 
August 14, 1973 
To amend the Federal Railroad Safety Act of 1970 and other related Acts to 
l^^-^^^°^ 
authorize additional appropriations, and for other purposes. 
Federal Rail-
Be it enacted by the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That this act may 
be cited as the "Federal Railroad Safety Authorization Act of 1973'1 road safety A,a. 
SEC. 2. Section 212 of the Federal Railroad Safety Act of 1970 (45 19°"! 
" 
U-S.C. 441) is amended to read as follows: 
84 stat. 977. 
"SEC. 212. AUTHORIZATION FOR APPROPRIATIONS. 
"There is authorized to be appropriated to carry out the provisions 
of this title not to exceed $19,440,000 for the fiscal year ending June 30, 
1974.". 
SEC. 3. Section 303 of the Hazardous Materials Transportation Con- 
Hazardous ma-
trol Act of 1970 (49 U.S.C. 1762) is amended to read as follows: 
'^"^^^ control. 
"SEC. 303. AUTHORIZATION FOR APPROPRIATIONS. 
"There is authorized to be appropriated to carry out the provisions 
of this title not to exceed $1,200,000 for the fiscal year ending June 30, 
1974.". 
SEC. 4. The Secretary of Transportation shall, within ninety days 
Report to con-
after the date of enactment of this Act, submit a report to the Congress ^'•^^^* 
which contains a complete evaluation of all programs conducted under 
the Hazardous Materials Transportation Control Act of 1970, and on 
proposed revised handling procedures and feasibility of alternative 
routing in order to avoid population centers. 
Approved August 14, 1973.