reglab/housing_qa huggingface dataset:
DC Code § 31-2005 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 20 - Risk-Based Capital|§ 31-2005. Authorized Control Level Event

(a) For the purposes of this chapter, the term “Authorized Control Level Event” means any of the following events: (1) The filing of an RBC Report by the insurer which indicates that the insurer’s total adjusted capital is greater than or equal to its Mandatory Control Level RBC, but less than its Authorized Control Level RBC; (2) The notification by the Commissioner to the insurer of an Adjusted RBC Report that indicates the event in paragraph (1) of this subsection, provided the insurer does not challenge the Adjusted RBC Report under § 31-2007; (3) If, pursuant to § 31-2007, the insurer challenges an Adjusted RBC Report that indicates the event in paragraph (1) of this subsection, notification by the Commissioner to the insurer that the Commissioner has, after a hearing, rejected the insurer’s challenge; (4) The failure of the insurer to respond, in a manner satisfactory to the Commissioner, to a corrective order (provided the insurer has not challenged the corrective order under § 31-2007); or (5) If the insurer has challenged a corrective order under § 31-2007 and the Commissioner has, after a hearing, rejected the challenge or modified the Corrective Order, the failure of the insurer to respond, in a manner satisfactory to the Commissioner, to the corrective order subsequent to rejection or modification by the Commissioner. (b) In the event of an Authorized Control Level Event with respect to an insurer, the Commissioner shall: (1) Take such actions as are required under § 31-2004 regarding an insurer with respect to which a Regulatory Action Level Event has occurred; or (2) If the Commissioner deems it to be in the best interests of the policyholders and creditors of the insurer and of the public, take such actions as are necessary to cause the insurer to be placed under regulatory control under Chapter 13 of this title. In the event the Commissioner takes such actions, the Authorized Control Level Event shall be deemed sufficient grounds for the Commissioner to take action under Chapter 13 of this title, and the Commissioner shall have the rights, powers, and duties with respect to the insurer as are set forth in Chapter 13 of this title. In the event the Commissioner takes actions under this paragraph pursuant to an Adjusted RBC Report, the insurer shall be entitled to such projections as are afforded to insurers under the provisions of Chapter 13 of this title pertaining to summary proceedings.  (Apr. 9, 1997, D.C. Law 11-233, § 6, 44 DCR 765.)  Prior Codifications 1981 Ed., § 35-4605. Section References This section is referenced in § 31-2013.
DC Code § 31-2007 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 20 - Risk-Based Capital|§ 31-2007. Hearings

(a) The insurer shall have a right to a hearing, at which the insurer may challenge any of the following determinations or actions by the Commissioner: (1) Notification to an insurer by the Commissioner of an Adjusted RBC Report; (2) Notification to an insurer by the Commissioner that: (A) The insurer’s RBC Plan or Revised RBC Plan is unsatisfactory; and (B) Such notification constitutes a Regulatory Action Level Event with respect to such insurer; (3) Notification to any insurer by the Commissioner that the insurer has failed to adhere to its RBC Plan or Revised RBC Plan and that such failure has a substantial adverse effect on the ability of the insurer to eliminate the Company Action Level Event with respect to the insurer in accordance with its RBC Plan or Revised RBC Plan; or (4) Notification to an insurer by the Commissioner of a Corrective Order with respect to the insurer. (b) The insurer shall notify the Commissioner of its request for a hearing within 5 days after the notification by the Commissioner under subsection (a) of this section. Upon receipt of the insurer’s request for a hearing, the Commissioner shall set a date for the hearing, which date shall be no less than 10 nor more than 30 days after the date of the insurer’s request.  (Apr. 9, 1997, D.C. Law 11-233, § 8, 44 DCR 765.)  Prior Codifications 1981 Ed., § 35-4607. Section References This section is referenced in § 31-2003, § 31-2004, § 31-2005, and § 31-2006.
DC Code § 31-2009 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 20 - Risk-Based Capital|§ 31-2009. Supplemental provisions; rules; exemption

(a) The provisions of this chapter are supplemental to any other provisions of the laws of the District, and shall not preclude or limit any other powers or duties of the Commissioner under such laws, including, but not limited to, Chapter 13 and Chapter 21 of this title. (b) The Commissioner may adopt reasonable rules necessary for the implementation of this chapter. (c) The Commissioner may exempt from the application of this chapter any insurer which; (1) Writes direct business only in the District; (2) Writes direct annual premiums of $1 million or less; and (3) Assumes no reinsurance in excess of 5% of direct premium written.  (Apr. 9, 1997, D.C. Law 11-233, § 10, 44 DCR 765.)  Prior Codifications 1981 Ed., § 35-4609.
DC Code § 31-2010 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 20 - Risk-Based Capital|§ 31-2010. Foreign Insurers

(a) Any foreign insurer, upon the written request of the Commissioner, shall submit to the Commissioner an RBC Report as of the end of the calendar year just ended on the later of: (1) The date an RBC Report would be required to be filed by a domestic insurer under this chapter; or (2) Fifteen days after the request is received by the foreign insurer. (b) Any foreign insurer shall, at the written request of the Commissioner, promptly submit to the Commissioner a copy of any RBC Plan that is filed with the commissioner of any other state. (c) In the event of a Company Action Level Event, Regulatory Action Level Event or Authorized Control Level Event, with respect to any foreign insurer as determined under the RBC statute applicable in the state of domicile of the insurer (or, if no RBC statute is in force in that state under the provisions of this chapter), if the insurance commissioner or similar authority of the state of domicile of the foreign insurer fails to require the foreign insurer to file an RBC Plan in the manner specified under that state’s RBC statute (or, if no RBC statute is in force in that state, under § 31-2002), the Commissioner may require the foreign insurer to file an RBC Plan with the Commissioner. In such event, the failure of the foreign insurer to file an RBC Plan with the Commissioner shall be grounds to order the insurer to cease and desist from writing new insurance business in the District. (d) In the event of a Mandatory Control Level Event with respect to any foreign insurer, if no domiciliary receiver has been appointed with respect to the foreign insurer under the rehabilitation and liquidation statute applicable in the state of domicile of the foreign insurer, the Commissioner may make application to the Superior Court permitted under Chapter 13 of this title with respect to the liquidation of property of foreign insurers found in the District, and the occurrence of the Mandatory Control Level Event shall be considered adequate grounds for the application.  (Apr. 9, 1997, D.C. Law 11-233, § 11, 44 DCR 765.)  Prior Codifications 1981 Ed., § 35-4610.
DC Code § 31-2011 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 20 - Risk-Based Capital|§ 31-2011. Immunity

There shall be no liability on the part of, and no cause of action shall arise against, the Commissioner or the Department of Insurance, Securities, and Banking or its employees or agents for any action taken by them in the performance of their powers and duties under this chapter.  (Apr. 9, 1997, D.C. Law 11-233, § 12, 44 DCR 765; June 11, 2004, D.C. Law 15-166, § 4(l)(3), 51 DCR 2817.)  Prior Codifications 1981 Ed., § 35-4611. Effect of Amendments D.C. Law 15-166 substituted “Department of Insurance, Securities, and Banking” for “Department of Insurance and Securities Regulation”. Emergency Legislation For temporary (90 day) amendment of section, see § 4(l)(3) of Consolidation of Financial Services Emergency Amendment Act of 2004 (D.C. Act 15-381, February 27, 2004, 51 DCR 2653).
DC Code § 31-2012 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 20 - Risk-Based Capital|§ 31-2012. Notices

All notices by the Commissioner to an insurer which may result in regulatory action hereunder shall be effective upon dispatch if transmitted by registered or certified mail, or in the case of any other transmission shall be effective upon the insurer’s receipt of such notice.  (Apr. 9, 1997, D.C. Law 11-233, § 13, 44 DCR 765.)  Prior Codifications 1981 Ed., § 35-4612.
DC Code § 31-2013 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 20 - Risk-Based Capital|§ 31-2013. Phase-in provision

(a) For RBC Reports required to be filed by life insurers with respect to 1993, the following requirements shall apply in lieu of the provisions of §§ 31-2003, 31-2004, 31-2005, and 31-2006: (1) In the event of a Company Action Level Event with respect to a domestic insurer, the Commissioner shall take no regulatory action hereunder. (2) In the event of an Regulatory Action Level Event under § 31-2004(a)(1), (2), or (3), the Commissioner shall take the actions required under § 31-2003. (3) In the event of an Regulatory Action Level Event under § 31-2004(a)(4), (5), (6), (7), (8), or (9) or an Authorized Control Level Event, the Commissioner shall take the actions required under § 31-2004 with respect to the insurer. (4) In the event of a Mandatory Control Level Event with respect to an insurer, the Commissioner shall take the actions required under § 31-2005 with respect to the insurer. (b) For RBC Reports required to be filed by property and casualty insurers with respect to 1994, the following requirements shall apply in lieu of the provisions of §§ 31-2003, 31-2004, 31-2005, and 31-2006: (1) In the event of a Company Action Level Event with respect to a domestic insurer, the Commissioner shall take no regulatory action hereunder. (2) In the event of an Regulatory Action Level Event under § 31-2004(a)(1), (2), or (3) the Commissioner shall take the actions required under § 31-2003. (3) In the event of an Regulatory Action Level Event under § 31-2004(a)(4), (5), (6), (7), (8), or (9) or an Authorized Control Level Event, the Commissioner shall take the actions required under § 31-2004 with respect to the insurer. (4) In the event of a Mandatory Control Level Event with respect to an insurer, the Commissioner shall take the actions required under § 31-2005 with respect to the insurer.  (Apr. 9, 1997, D.C. Law 11-233, § 14, 44 DCR 765.)  Prior Codifications 1981 Ed., § 35-4613.
DC Code § 31-2103 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 21 - Standards to Identify Insurance Companies Deemed to Be in Hazardous Financial Condition|§ 31-2103. Judicial review

Any order or decision of the Mayor shall be subject to review in accordance with § 2-510, at the request of any person suffering a legal wrong or whose interests are adversely affected or aggrieved by the order or decision of the Mayor.  (Oct. 21, 1993, D.C. Law 10-43, § 4, 40 DCR 6023.)  Prior Codifications 1981 Ed., § 35-3503. Cross References Hospital and medical services corporation, applicability of this section, see § 31-3503.
DC Code § 31-2201 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 22 - State of Entry for Non-U.S. Insurers|§ 31-2201. Definitions

For the purposes of this chapter, the term: (1) “Commissioner” means the Commissioner of the Department of Insurance, Securities, and Banking. (1A) “District” means the District of Columbia. (2) “Non-U.S. insurer” means an insurer organized under the laws of a foreign country. (3) Repealed. (4) “United States Branch” or “U.S. Branch” means the business unit through which business is transacted within the United States by a non-U.S. insurer and the assets and liabilities of the insurer within the United States pertaining to such business.  (May 24, 1996, D.C. Law 11-128, § 2, 43 DCR 1562; Mar. 24, 1998, D.C. Law 12-81, § 45(a), 45 DCR 745; June 11, 2004, D.C. Law 15-166, § 4(m), 51 DCR 2817.)  Prior Codifications 1981 Ed., § 35-4401. Effect of Amendments D.C. Law 15-166, in par. (1), substituted “Commissioner of the Department of Insurance, Securities, and Banking” for “Commissioner of Insurance and Securities”. Emergency Legislation For temporary (90 day) amendment of section, see § 4(m) of Consolidation of Financial Services Emergency Amendment Act of 2004 (D.C. Act 15-381, February 27, 2004, 51 DCR 2653).
DC Code § 31-2202 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 22 - State of Entry for Non-U.S. Insurers|§ 31-2202. Authorization of entry

(a) A non-U.S. insurer may use the District as a state of entry to transact insurance in the United States through a U.S. branch by: (1) Qualifying as an insurer licensed to do business in the District; and (2) Establishing a trust account, pursuant to a trust agreement approved by the Commissioner, with a U.S. bank approved by the Commissioner in an amount at least equal to the minimum capital and surplus required to be maintained by a domestic insurer licensed to do the same kind of insurance. (b) Before authorizing the entry through the District of a U.S. branch of any non-U.S. insurer, the Commissioner shall require the non-U.S. insurer, in addition to the requirements of § 31-2204 and any other requirement of the insurance law, to submit: (1) A copy of its charter and by-laws, if any, currently in force, and such other documents necessary to show the kinds of business which it is empowered to do in its domiciliary jurisdiction, attested to as accurate and complete by the insurance supervisory official in its home jurisdiction, and a full statement, subscribed and affirmed as true under the penalties of perjury by 2 officers or equivalent responsible representatives in such manner as the Commissioner shall prescribe, of its financial conditions as of the close of its latest fiscal year, showing its assets, liabilities, income disbursements, business transacted, and other facts required to be shown in its annual statement, as reported to the insurance supervisory official in its home jurisdiction, and an English language translation, as necessary, of any of the documents required herein; and (2) To an examination of the insurer’s affairs at its principal office within the United States. However, the Commissioner may instead accept a report of the insurance supervisory official of the insurer’s home jurisdiction.  (May 24, 1996, D.C. Law 11-128, § 3, 43 DCR 1562; Mar. 24, 1998, D.C. Law 12-81, § 45(b), 45 DCR 745.)  Prior Codifications 1981 Ed., § 35-4402. Section References This section is referenced in § 31-1371.01.
DC Code § 31-2203 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 22 - State of Entry for Non-U.S. Insurers|§ 31-2203. Maintenance of trust account

The assets in the trust account shall be known as trusteed assets and shall at all times be in an amount equal to the U.S. branch’s reserves and other liabilities plus the minimum capital and surplus required to be maintained by a domestic insurer licensed to do the same kind of insurance.  (May 24, 1996, D.C. Law 11-128, § 4, 43 DCR 1562.)  Prior Codifications 1981 Ed., § 35-4403. Section References This section is referenced in § 31-2204 and § 31-2306.
DC Code § 31-2206 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 22 - State of Entry for Non-U.S. Insurers|§ 31-2206. Additional requirements for U.S. Branch license

(a) Before issuing any new or renewal license to any U.S. Branch, the Commissioner may require satisfactory proof, either in the non-U.S. insurer’s charter or by an agreement evidenced by a duly certified resolution of its board of directors, or otherwise as the Commissioner may require, that the insurer will not engage in any insurance business in contravention of the provisions of this chapter or not authorized by its charter. (b) The Commissioner shall issue a renewal license to any U.S. Branch if satisfied, by such proof as required, that the insurer is not delinquent with respect to any requirement imposed by this chapter and that its continuance in business in the District will not be hazardous or prejudicial to the best interest of the people of the District. (c) No U.S. Branch shall be licensed to do in the District any kind of insurance business, or any combination of kinds of insurance business, which are not permitted to be done by domestic insurers licensed under the provisions of this chapter. No U.S. Branch shall be authorized to do an insurance business in the District if it does anywhere within the United States any kind of business other than an insurance business and the business necessarily or properly incidental to the kinds of insurance business which it is authorized to do in the District. (d) Except as otherwise specifically provided, no U.S. Branch, entering through the District or another state, shall be or continue to be authorized to do an insurance business in the District if it fails to comply substantially with any requirement or limitation of this chapter applicable to similar domestic insurers hereafter organized, which in the judgment of the Commissioner is reasonably necessary to protect the interest of the policyholders. (e) No U.S. Branch that does outside of the District any kind or combination of kinds of insurance business not permitted to be done in the District by similar domestic insurers hereafter organized shall be or continue to be authorized to do an insurance business in the District, unless in the judgment of the Commissioner the doing of such kind or combination of kinds of insurance business will not be prejudicial to the best interest of the people of the District. (f) No U.S. Branch shall be, or continue to be, authorized to do an insurance business in the District if it fails to keep full and correct entries of its transactions, which shall at all times be open to the inspection of persons invested by law with the rights of inspection and be maintained in its principal office within the District.  (May 24, 1996, D.C. Law 11-128, § 7, 43 DCR 1562; Mar. 24, 1998, D.C. Law 12-81, § 45(e), 45 DCR 745.)  Prior Codifications 1981 Ed., § 35-4406.
DC Code § 31-2207 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 22 - State of Entry for Non-U.S. Insurers|§ 31-2207. Authority of the Commissioner

Whenever it appears to the Commissioner from any annual or quarterly statement, trusteed surplus statement, or any other report that a U.S. Branch’s trusteed surplus is reduced below minimum capital and surplus required to be maintained by a domestic insurer licensed to transact the same kinds of insurance, the Commissioner may proceed against the insurer pursuant to the provisions of District law as an insurer whose condition is such that its further transaction of business in the United States will be hazardous to its policyholders, its creditors, or the public in the United States.  (May 24, 1996, D.C. Law 11-128, § 8, 43 DCR 1562; Mar. 24, 1998, D.C. Law 12-81, § 45(f), 45 DCR 745.)  Prior Codifications 1981 Ed., § 35-4407.
DC Code § 31-2231.01 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 22A - Unfair Insurance Trade Practices|§ 31-2231.01. Definitions

For the purposes of this chapter, the term: (1) “Agent” or “Broker” means a person who solicits, negotiates, effects, procures, delivers, renews, continues, or binds policies of insurance for persons or risks residing, located, or to be performed in the District of Columbia. (2) “Annuity contract” means an agreement to make periodic payments in fixed dollar amounts under the terms of a contract for a stated period of time or for the life of the person specified in the contract. (3) “Commissioner” means the Commissioner of the Department of Insurance and Securities Regulation. (3A) “Gender identity or expression” shall have the same meaning as provided in § 2-1401.02(12A). (4) “Insurance business” means the transaction of all matters pertaining to a contract of insurance, both before and after the effectuation of the contract, and all matters arising out of the contract or a claim thereunder. (5) “Insurance policy” or “insurance contract” means a contract of insurance, indemnity, medical, health, or hospital service; a health maintenance organization plan or coverage; a suretyship; or an annuity that is issued, proposed for issuance, or intended for issuance. (6) “Insured” means the party named on a policy or contract as the individual with legal rights to the benefits provided by the policy or contract. (7) “Insurer” means a person, interinsurer, Lloyd’s insurer, fraternal benefit society, health maintenance organization, or any other legal entity engaged in the business of insurance, including agents, brokers, and third-party administrators. Insurer shall also mean medical service plans and hospital service plans. (8) “Person” means any natural or artificial entity, including individuals, partnerships, associations, trusts, or corporations. (9) “Unfair trade practices” means the commission of any one or more of the acts prohibited by §§ 31-2231.02 through 31-2231.21, or regulations promulgated hereunder, with such frequency to indicate a general business practice to engage in the proscribed conduct.  (Apr. 3, 2001, D.C. Law 13-265, § 101, 48 DCR 1225; June 25, 2008, D.C. Law 17-177, § 16(a), 55 DCR 3696.)  Section References This section is referenced in § 31-3311.02. Effect of Amendments D.C. Law 17-177 added par. (3A).
DC Code § 31-2231.02 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 22A - Unfair Insurance Trade Practices|§ 31-2231.02. General prohibition

(a) This chapter shall be construed to permit an administrative remedy only, and nothing in this chapter shall be construed to create or imply a private cause of action for a violation of this chapter. (b) This chapter shall not be construed to extinguish, limit, or otherwise impair any existing right in law or equity for conduct that is otherwise actionable.  (Apr. 3, 2001, D.C. Law 13-265, § 102, 48 DCR 1225.)  Section References This section is referenced in § 31-2231.01.
DC Code § 31-2231.03 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 22A - Unfair Insurance Trade Practices|§ 31-2231.03. Misrepresentations and false advertising of insurance policies

No person shall make, issue, circulate, or cause to be made, issued or circulated, an estimate, illustration, circular or statement, sales presentation, omission, or comparison that: (1) Misrepresents the benefits, advantages, conditions, or terms of a policy; (2) Misrepresents the dividends or share of the surplus to be received on a policy; (3) Makes a false or misleading statement as to the dividends or share of surplus previously paid on a policy; (4) Is misleading or is a misrepresentation as to the financial condition of an insurer or as to the legal reserve system upon which a life insurer operates; (5) Uses a name or title of a policy or class of policies misrepresenting the true nature thereof; (6) Is a misrepresentation, including an intentional erroneous quotation of a premium rate for the purpose of inducing, or tending to induce, the purchase, lapse, forfeiture, exchange, conversion, or surrender of a policy; (7) Is a misrepresentation for the purpose of effecting a pledge or assignment of, or effecting a loan against, a policy; (8) Misrepresents a policy as being shares of stock; or (9) Uses a name which deceptively infers or suggests that it is an insurer if it is not an insurer.  (Apr. 3, 2001, D.C. Law 13-265, § 103, 48 DCR 1225.)