reglab/housing_qa huggingface dataset:
DC Code § 31-5318 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5318. Investments

A domestic society shall invest its funds only in investments authorized by the laws of the District for the investment of assets of life insurers and subject to the limitations therein. Any foreign or alien society permitted or seeking to do business in the District which invests its funds in accordance with the laws of the state, district, territory, country or province in which it is incorporated, shall be held to meet the requirements of this section for the investment of funds.  (Apr. 29, 1998, D.C. Law 12-86, § 1219, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1248.
DC Code § 31-5319 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5319. Funds

(a) All assets shall be held, invested and disbursed for the use and benefit of the society and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of any part thereof, except as provided in the benefit contract. (b) A society may create, maintain, invest, disburse and apply any special fund or funds necessary to carry out any purpose permitted by the laws of the society. (c) A society may, pursuant to resolution of its supreme governing body, establish and operate one or more separate accounts and issue contracts on a variable basis, subject to the provisions of law regulating life insurers establishing such accounts and issuing such contracts. To the extent the society deems it necessary in order to comply with any applicable federal or state laws, or any rules issued thereunder, the society may adopt special procedures for the conduct of the business and affairs of a separate account, may, for persons having beneficial interests therein, provide special voting and other rights, including without limitation special rights and procedures relating to investment policy, investment advisory services, selection of certified public accountants, and selection of a committee to manage the business and affairs of the account, and may issue contracts on a variable basis which § 31-5316(b) and (d) shall not apply.  (Apr. 29, 1998, D.C. Law 12-86, § 1220, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1249.
DC Code § 31-5320 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5320. Taxation

Every society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all and every state, county, district, municipal and school tax other than taxes on real estate and office equipment.  (Apr. 29, 1998, D.C. Law 12-86, § 1221, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1250.
DC Code § 31-5321 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5321. Applicability of provisions

Except as herein provided, societies shall be governed by this chapter and shall be exempt from all other provisions of the insurance laws of the District unless they are expressly designated therein, or unless they are specifically made applicable by this chapter.  (Apr. 29, 1998, D.C. Law 12-86, § 1222, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1251.
DC Code § 31-5322 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5322. Valuation standards for certificates

(a) Standards of valuation for certificates issued prior to one year after April 29, 1998 shall be those provided by the laws applicable immediately prior to April 29, 1998. (b)(1) The minimum standards of valuation for certificates issued on or after one year from April 29, 1998 shall be based on the following tables: (A) For certificates of life insurance, the Commissioner’s 1941 Standard Ordinary Mortality Table, the Commissioner’s 1941 Standard Industrial Table, the Commissioner’s 1958 Standard Ordinary Mortality Table, the Commissioner’s 1980 Standard Mortality Table, or any more recent table made applicable to life insurers in the District; and (B) For annuity and pure endowment certificates, for total and permanent disability benefits, for accidental death benefits, and for noncancelable accident and health benefits, such tables as are authorized for use by life insurers in the District. (2) The valuation methods and standards (including interest assumptions) set forth in paragraph (1) of this subsection shall be in accordance with the laws of the District applicable to life insurers issuing policies containing like benefits. (c) The Commissioner may, in his or her discretion, accept other standards for valuation if the Commissioner finds that the reserves produced thereby will not be less in the aggregate than reserves computed in accordance with the minimum valuation standard herein prescribed. The Commissioner may, in his or her discretion, vary the standards of mortality applicable to all benefit contracts on substandard lives or other extra hazardous lives by any society authorized to do business in the District. (d) Any society, with the consent of the Commissioner of the state of domicile of the society and under such conditions, if any, which the Commissioner may impose, may establish and maintain reserves on its certificates in excess of the reserves required thereunder, but the contractual rights of any benefit member shall not be affected thereby.  (Apr. 29, 1998, D.C. Law 12-86, § 1223, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1252. Section References This section is referenced in § 31-5323.
DC Code § 31-5323 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5323. Reports

(a) Every society transacting business in the District shall annually, on or before March 1, unless for cause shown the time has been extended by the Commissioner, file with the Commissioner a true statement of its financial condition, transactions, and affairs for the preceding calendar year and pay a filing fee of $50. The statement shall be in general form and context as approved by the National Association of Insurance Commissioners for fraternal benefit societies and as supplemented by additional information required by the Commissioner. (b) As part of the annual statement, each society shall, on or before March 1, file with the Commissioner a valuation of its certificates in force on the preceding December 31. The Commissioner may, in his or her discretion for cause shown, extend the time for filing the valuation for not more than 2 calendar months. The valuation shall be done in accordance with the standards specified in § 31-5322. The valuation and underlying data shall be certified by a qualified actuary or, at the expense of the society, verified by the actuary of the department of insurance of the state of domicile of the society. (c) A society neglecting to file the annual statement in the form and within the time provided by this section shall forfeit $100 for each day during which the neglect continues, and, upon notice by the Commissioner to that effect, its authority to do business in the District shall cease while the default continues.  (Apr. 29, 1998, D.C. Law 12-86, § 1224, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1253.
DC Code § 31-5324 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5324. Annual license

Societies which are now authorized to transact business in the District, and all societies hereafter licensed, may continue such business until March 1 next succeeding April 29, 1998. The authority of the societies and all societies hereafter licensed, may thereafter be renewed annually, but in all cases to terminate on the succeeding March 1. However, a license so issued shall continue in full force and effect until a renewal of the license has been specifically refused. For each such license or renewal the society shall pay the Commissioner a fee of $50. A duly certified copy or duplicate of the license shall be prima facie evidence that the licensee is a fraternal benefit society within the meaning of this chapter.  (Apr. 29, 1998, D.C. Law 12-86, § 1225, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1254.
DC Code § 31-5325 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5325. Examination of societies; no adverse publications

(a) The Commissioner, or any person he or she may appoint, may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in the District in the same manner as authorized for examination of domestic, foreign, or alien insurers. Requirements of notice and an opportunity to respond before findings are made public as provided in the laws regulating insurers shall also be applicable to the examination of societies. (b) The expense of each examination and of each valuation, including compensation and actual expense of examiners, shall be paid by the society examined or whose certificates are valued, upon statements furnished by the Commissioner.  (Apr. 29, 1998, D.C. Law 12-86, § 1226, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1255.
DC Code § 31-5326 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5326. Foreign or alien society; admission

No foreign or alien society shall transact business in the District without a certificate of authority issued by the Commissioner in accordance with §§ 31-4501 and 31-4502 and § 31-2502.21.  (Apr. 29, 1998, D.C. Law 12-86, § 1227, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1256.
DC Code § 31-5328 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5328. Suspension; revocation or refusal of license of foreign or alien society

(a) When the Commissioner, upon investigation, finds that a foreign or alien society transacting or applying to transact business in the District has exceeded its powers; has failed to comply with any of the provisions of this chapter; is not fulfilling its contracts in good faith; or is conducting its business fraudulently or in a manner hazardous to its members, creditors, or the public, the Commissioner shall notify the society of the deficiency or deficiencies and state in writing the reasons for his or her dissatisfaction. The Commissioner shall immediately issue a written notice to the society requiring that the deficiency or deficiencies which exist are corrected. After the notice, the society shall have a 30-day period in which to comply with the Commissioner’s request for correction. If the society fails to comply, the Commissioner shall notify the society of the findings of noncompliance and require the society to show cause on a date named why its license should not be suspended, revoked, or refused. (b) If on such date the society does not present good and sufficient reason why its authority to do business in the District should not be suspended, revoked, or refused, the Commissioner may suspend or refuse the license of the society to do business in the District until satisfactory evidence is furnished to the Commissioner that such suspension or refusal should be withdrawn or the Commissioner may revoke the authority of the society to do business in the District. (c) Nothing contained in this section shall be taken or construed as preventing any such society from continuing in good faith all contracts made in the District during the time such society was legally authorized to transact business herein.  (Apr. 29, 1998, D.C. Law 12-86, § 1229, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1258.
DC Code § 31-5329 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5329. Injunction

No application or petition for injunction against any domestic, foreign or alien society, or lodge thereof, shall be recognized in any court of the District unless made by the Corporation Counsel upon request of the Commissioner.  (Apr. 29, 1998, D.C. Law 12-86, § 1230, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1259.
DC Code § 31-5330 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5330. Licensing of agents

(a) Agents of societies shall be licensed in accordance with the provisions of the laws regulating the licensing, revocation, suspension, or termination of license of resident and nonresident agents. No written or other examination shall be required of a person who is certified by a society as having been its full-time agent prior to April 29, 1998. (b) No examination or license shall be required of any regular salaried officer, employee, or member of a licensed society who devotes substantially all of his or her services to activities other than the solicitation of fraternal insurance contracts from the public, and who receives for the solicitation of such contracts no commission or other compensation directly dependent upon the amount of business obtained. (c) Any agent, representative, or member of a society who devotes, or intends to devote, less than 50% of such person’s time to the solicitation and procurement of insurance contracts for such society shall be exempt from the requirements of subsection (a) of this section. Any person who, in the preceding calendar year, has received or will receive a commission or other compensation for soliciting and procuring the type of contracts listed in paragraphs (1) through (5) of this subsection on behalf of an individual society, shall be presumed to be devoting, or intending to devote, 50% of the person’s time to the solicitation or procurement of insurance contracts for such society: (1) Life insurance contracts that, in the aggregate, exceed $200,000 of coverage for all lives insured for the preceding calendar year; (2) A permanent life insurance contract offering more than $10,000 of coverage on an individual life; (3) A term life insurance contract offering more than $50,000 of coverage on an individual life; (4) Any insurance contracts other than life that the fraternal benefit society may write that insure the individual lives of more than 23 individuals; or (5) Any variable life insurance or variable annuity contract.  (Apr. 29, 1998, D.C. Law 12-86, § 1231, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1260.
DC Code § 31-5331 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5331. Unfair methods of competition; unfair and deceptive acts and practices

Every society authorized to do business in the District and its agents shall be subject to the provisions of law applicable to life, accident, and health insurers relating to unfair and deceptive practices; provided, however, that nothing in such provisions shall be construed as applying to or affecting the right of any society to determine its eligibility requirements for membership, or be construed as applying to or affecting the offering of benefits exclusively to members or persons eligible for membership in the society by a subsidiary corporation or affiliated organization of the society.  (Apr. 29, 1998, D.C. Law 12-86, § 1232, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1261.
DC Code § 31-5332 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5332. Penalties

(a) Any person who makes a false or fraudulent statement in or relating to an application for membership or for the purpose of obtaining money from a benefit in any society shall, upon conviction, be fined not less than $100 nor more than $5,000 or be subject to imprisonment not less than 30 days nor more than one year, or both. (b) Any person who solicits membership for, or in any manner assists in procuring membership in, any society not licensed to do business in the District shall, upon conviction thereof, be punished by a fine of not less than $50 nor more than $200, or by imprisonment for not less than 30 days nor more than one year, or both, in the discretion of the court. (c) Any person convicted of a willful violation of, or neglect or refusal to comply with, any provision of this chapter for which a penalty is not otherwise prescribed shall, upon conviction, be punished by a fine not exceeding $5,000. (d) Any person who willfully makes a false or fraudulent statement in any verified report or declaration under oath required or authorized by this chapter, or of any material fact or thing contained in a sworn statement concerning the death or disability of an insured for the purpose of procuring payment of a benefit named in the certificate, shall be guilty of perjury and shall be subject to the penalties prescribed by law.  (Apr. 29, 1998, D.C. Law 12-86, § 1233, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1262.
DC Code § 31-5334 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5334. Review

All decisions and findings of the Commissioner made under the provisions of this chapter shall be subject to review as provided by subchapters I and II of Chapter 2 of Title 5.  (Apr. 29, 1998, D.C. Law 12-86, § 1235, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1264.
DC Code § 31-5335 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5335. Severability

If any provision of this chapter or the application of such provision to any circumstance is held invalid, the remainder of this chapter or the application of the provision to other circumstances, shall not be affected thereby.  (Apr. 29, 1998, D.C. Law 12-86, § 1236, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1265.
DC Code § 31-5403 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 54 - Life and Health Insurance Guaranty Association|§ 31-5403. Creation of the Association

(a)(1) There is created a nonprofit legal entity to be known as the District of Columbia Life and Health Insurance Guaranty Association. (2) All member insurers shall be and shall continually remain members of the Association as a condition of their authority to transact insurance business in the District of Columbia. (3) The Association shall perform its functions under the plan of operation established and approved under § 31-5407 and shall exercise its powers through a board of directors established under § 31-5404. (4) For purposes of administration and assessment the Association shall maintain 2 accounts: (A) The life insurance and annuity account which shall include the following subaccounts: (i) Life insurance account; and (ii) Annuity account; and (B) The health insurance account. (b) The Association shall come under the immediate supervision of the Mayor and shall be subject to the applicable provisions of the insurance laws of the District of Columbia.  (July 22, 1992, D.C. Law 9-129, § 4, 39 DCR 4036.)  Prior Codifications 1981 Ed., § 35-1943. Section References This section is referenced in § 31-5401.
DC Code § 31-5404 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 54 - Life and Health Insurance Guaranty Association|§ 31-5404. Board of Directors

(a)(1) The Board of Directors of the Association (“Board” or “Board of Directors”) shall consist of no less than 5 and no more than 9 member insurers serving terms as established in the plan of operation. (2) The members of the Board shall be selected by member insurers subject to the approval of the Mayor. (3) Vacancies on the Board shall be filled for the remaining period of the term by a majority vote of the remaining Board members, subject to the approval of the Mayor. (b) The Mayor shall give notice to all member insurers of the time and place of the organizational meeting to select the initial Board of Directors, and to initially organize the Association. (c) In determining voting rights at the organizational meeting, each member insurer shall be entitled to 1 vote in person or by proxy. (d) If the Board of Directors is not selected within 60 days after notice of the organizational meeting, the Mayor may appoint the initial members. (e) In approving selections or in appointing members to the Board, the Mayor shall consider, among other things, whether all member insurers are fairly represented. (f) Members of the Board may be reimbursed from the assets of the Association for expenses incurred by them as members of the Board of Directors, but shall not otherwise be compensated by the Association for their services.  (July 22, 1992, D.C. Law 9-129, § 5, 39 DCR 4036.)  Prior Codifications 1981 Ed., § 35-1944. Section References This section is referenced in § 31-5403 and § 31-5407.
DC Code § 31-5407 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 54 - Life and Health Insurance Guaranty Association|§ 31-5407. Plan of operation

(a)(1) The Association shall submit to the Mayor a plan of operation, and any subsequent amendments that are necessary or suitable, to assure the fair, reasonable, and equitable administration of the Association. The plan of operation, and any amendments, shall become effective 30 days following its submission to the Mayor, unless the Mayor has issued written disapproval of the plan within the 30 days. (2) If the Association fails to submit a suitable plan of operation within 120 days following July 22, 1992, or if at any time thereafter the Association fails to submit suitable amendments to the plan, the Mayor shall, after notice and hearing, adopt and promulgate reasonable rules as necessary or advisable to carry out the provisions of this chapter. These rules shall continue in force until modified by the Mayor or superseded by a plan submitted by the Association and approved by the Mayor. (b) All member insurers shall comply with the plan of operation. (c) The plan of operation, in addition to requirements enumerated elsewhere in this chapter, shall: (1) Establish procedures for handling the assets of the Association; (2) Establish the amount and method of reimbursement of members of the Board of Directors under § 31-5404; (3) Establish regular places and times for meetings, including telephone conference calls, of the Board of Directors; (4) Establish procedures for records to be kept of all financial transactions of the Association, its agents, and the Board of Directors; (5) Establish the procedures whereby nominations to the Board of Directors will be made and submitted to the Mayor for approval; (6) Establish any additional procedures necessary for assessments under § 31-5406; and (7) Contain additional provisions necessary or proper for the execution of the powers and duties of the Association. (d)(1) The plan of operation may provide that any or all powers and duties of the Association, except those under § 31-5405(q)(3) and § 31-5406, are delegated to a corporation, association, or other organization which performs or will perform functions similar to those of this Association, or its equivalent in 2 or more states. (2) Such a corporation, association, or organization shall be reimbursed for any payments made on behalf of the Association and shall be paid for its performance of any function of the Association. (3) A delegation under this subsection shall take effect only with the approval of the Board of Directors and the Mayor, and may be made only to a corporation, association, or organization which extends protection not substantially less favorable and effective than that provided by this chapter.  (July 22, 1992, D.C. Law 9-129, § 8, 39 DCR 4036.)  Prior Codifications 1981 Ed., § 35-1947. Section References This section is referenced in § 31-5403.