reglab/housing_qa huggingface dataset:
DC Code § 31-4321 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4321. Reinsurance by Superintendent [Repealed]

Repealed.  (Oct. 15, 1993, D.C. Law 10-35, § 59(a), 40 DCR 5773.)  Prior Codifications 1981 Ed., §§ 35-419 to 35-421. Temporary Legislation For temporary (225 day) amendment of section, see § 7(b) of Insurance Omnibus Temporary Amendment Act of 1993 (D.C. Law 10-76, March 17, 1994, law notification 41 DCR 1626). Editor's Notes D.C. Law 10-76 and D.C. Law 10-103 purported to amend former § 35-419 1981 Ed. by rewriting (a)(4).
DC Code § 31-4322 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4322. Valuation of securities. [Repealed]

Repealed.  (June 19, 1934, 48 Stat. 1137, ch. 672, ch. II, § 23; May 21, 1997, D.C. Law 11-268, § 10, 44 DCR 1730; Mar. 24, 1998, D.C. Law 12-81, § 22(c), 45 DCR 745; Apr. 11, 2003, D.C. Law 14-297, § 401(e)(1), 50 DCR 330.)  Prior Codifications 1981 Ed., § 35-422. 1973 Ed., § 35-422. For legislative history of D.C. Law 11- (Act 11-524), see Historical and Statutory Notes following § 31-4301. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4301.
DC Code § 31-4323 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4323. Service of process; appointment of Superintendent as attorney of companies; violations. [Repealed]

Repealed.  (Mar. 21, 1995, D.C. Law 10-233, § 12, 42 DCR 24.)  Prior Codifications 1981 Ed., § 35-423.
DC Code § 31-4324 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4324. Political contributions prohibited; immunity of witnesses in proceedings in regard to violations. [Repealed]

Repealed.  (June 19, 1934, 48 Stat. 1138, ch. 672, ch. II, § 25; Mar. 8, 2007, D.C. Law 16-232, § 205(a)(2), 54 DCR 368.)  Prior Codifications 1981 Ed., § 35-424. 1973 Ed., § 35-424.
DC Code § 31-4325 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4325. General agents, agents, or solicitors; issuance, expiration and renewal of required license; exceptions; termination of employment; information provided Superintendent deemed privileged [Repealed]

Repealed.  (April 9, 1997, D.C. Law 11-227, § 16, 44 DCR 140.)  Prior Codifications 1981 Ed., §§ 35-425 to 35-428. Editor's Notes D.C. Law 11-268, § 10(i) ( 44 DCR 1730), effective May 21, 1997, amends the repealed sections subsequent to repeal.
DC Code § 31-4326 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4326. Suspension or revocation of licenses; grounds; hearing and appeal; alternative penalty [Repealed]

Repealed.  (April 9, 1997, D.C. Law 11-227, § 16, 44 DCR 140.)  Prior Codifications 1981 Ed., §§ 35-425 to 35-428. Editor's Notes D.C. Law 11-268, § 10(i) ( 44 DCR 1730), effective May 21, 1997, amends the repealed sections subsequent to repeal.
DC Code § 31-4327 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4327. Judicial appeals from rulings of Superintendent; procedure; liability of Superintendent in proceedings [Repealed]

Repealed.  (April 9, 1997, D.C. Law 11-227, § 16, 44 DCR 140.)  Prior Codifications 1981 Ed., §§ 35-425 to 35-428. Editor's Notes D.C. Law 11-268, § 10(i) ( 44 DCR 1730), effective May 21, 1997, amends the repealed sections subsequent to repeal.
DC Code § 31-4328 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4328. Brokers; issuance, revocation and renewal of required license; violations [Repealed]

Repealed.  (April 9, 1997, D.C. Law 11-227, § 16, 44 DCR 140.)  Prior Codifications 1981 Ed., §§ 35-425 to 35-428. Editor's Notes D.C. Law 11-268, § 10(i) ( 44 DCR 1730), effective May 21, 1997, amends the repealed sections subsequent to repeal.
DC Code § 31-4329 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4329. Disposition of premiums paid to agents

An insurance agent, solicitor, or broker who acts in negotiating or renewing or continuing a contract of insurance for a company lawfully doing business in the District, and who receives any money or substitute for money as a premium for such a contract from the insured, whether he shall be entitled to an interest in same or otherwise, shall be deemed to hold such premium in trust for the company making the contract. If he fails to pay the same over to the company after written demand made upon him therefor, such failure shall be prima facie evidence that he has used or applied the said premium for a purpose other than paying the same over to the company, and upon conviction thereof he shall be deemed guilty of theft and punished accordingly.  (June 19, 1934, 48 Stat. 1142, ch. 672, ch. II, § 30; Aug. 2, 1983, D.C. Law 5-24, § 15, 30 DCR 3341.)  Prior Codifications 1981 Ed., § 35-429. 1973 Ed., § 35-429. Section References This section is referenced in § 31-3503.
DC Code § 31-4330 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4330. Contractual rights of minors

Any minor of the age of 15 years or more may, notwithstanding such minority, contract for life, health, and accident insurance on his own life for his or her own benefit or for the benefit of his father, mother, spouse, child, brother, sister, or for the benefit of any person who has the care or custody of said minor or with whom said minor makes his or her home, and may exercise all such contractual rights with respect to any such contract of insurance as might be exercised by a person of full legal age and may at any time surrender his or her interest in any such insurance or give a valid discharge for any benefit accruing or money payable thereunder.  (June 19, 1934, 48 Stat. 1142, ch. 672, ch. II, § 31; Sept. 12, 2008, D.C. Law 17-231, § 28(b), 55 DCR 6758.)  Prior Codifications 1981 Ed., § 35-430. 1973 Ed., § 35-430. Effect of Amendments D.C. Law 17-231 substituted “spouse” for “husband, wife”.
DC Code § 31-4331 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4331. Assessment companies prohibited

Any company which makes insurance or reinsurance the performance of which is not guaranteed by the reserves required by this subdivision, but is contingent upon the payment of assessments or calls made upon its members, shall not be formed, admitted, or licensed in the District.  (June 19, 1934, 48 Stat. 1142, ch. 672, ch. II, § 32; May 4, 1950, 64 Stat. 104, ch. 157, § 3.)  Prior Codifications 1981 Ed., § 35-431. 1973 Ed., § 35-431.
DC Code § 31-4332 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4332. Appeals from Commissioner to Mayor

Any appeals to the Mayor from rulings of the Commissioner shall be perfected and filed with the Mayor within 20 days exclusive of Sundays and legal holidays from the date such rulings are communicated to the party at interest.  (June 19, 1934, 48 Stat. 1142, ch. 672, ch. II, § 33; May 21, 1997, D.C. Law 11-268, § 10(i), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-432. 1973 Ed., § 35-432. Section References This section is referenced in § 31-1404 and § 31-1506. Cross References Examiner orders following mayor’s consideration of findings, appeals, see § 31-1404. Managing general agent license suspension or revocation, appeal from mayor, see § 31-1506. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4301. Change in Government This section originated at a time when local government powers were delegated to a Board of Commissioners of the District of Columbia (see Acts Relating to the Establishment of the District of Columbia and its Various Forms of Governmental Organization in Volume 1). Section 401 of Reorganization Plan No. 3 of 1967 (see Reorganization Plans in Volume 1) transferred all of the functions of the Board of Commissioners under this section to a single Commissioner. The District of Columbia Self-Government and Governmental Reorganization Act, 87 Stat. 818, § 711 ( D.C. Code, § 1-207.11), abolished the District of Columbia Council and the Office of Commissioner of the District of Columbia. These branches of government were replaced by the Council of the District of Columbia and the Office of Mayor of the District of Columbia, respectively. Accordingly, and also pursuant to § 714(a) of such Act ( D.C. Code, § 1-207.14(a)), appropriate changes in terminology were made in this section.
DC Code § 31-4401 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 44 - Domestic Life Companies|§ 31-4401. Formation — Required contents of articles of incorporation

Any 7 or more persons who desire to become incorporated as an insurance company shall make, sign, and acknowledge articles of incorporation before an officer authorized to take acknowledgment of deeds, in which shall be stated: (1) The proposed corporate name, which shall not be identical with nor so nearly resemble the name of an existing corporation organized under the laws of the District, or authorized to transact business therein, as to mislead the public or cause confusion and, in case of a mutual company, shall contain the word “mutual”; (2) The term of its existence, which may be perpetual; (3) The place where its principal office shall be located, which shall be the District of Columbia; (4) The purpose of the company, which shall be restricted to the business of insurance appertaining to persons; (5) The mode and manner in which the corporate power shall be exercised; the number, terms of office, and manner of electing directors, who shall be stockholders, or, in the case of a mutual company, shall be members or policyholders of the corporation; (6) The provisions for meeting and votes of stockholders and policyholders. A stock company in which the policyholders do not vote shall provide for cumulative voting in its articles of incorporation. A stock company in which policyholders vote shall provide that each stockholder shall have 1 vote, in person or by proxy, for each share of stock owned. A company without capital stock shall provide that every policyholder shall be a member and entitled to 1 or more votes, in person, or by proxy, based on the insurance in force, the number of policies held or the amount of premiums paid as may be provided in the bylaws, and a stock company may provide for votes by policyholders, but in such case each policyholder shall have the same voting power as every other policyholder; (7) The amount of its capital stock, if any, the number of shares, and the par value of each share; (8) The number of directors who shall manage the company for the 1st year and their names; and (9) Such other particulars as may be necessary to manifest and explain the objects and purposes of the company.  (June 19, 1934, 48 Stat. 1143, ch. 672, ch. III, § 1.)  Prior Codifications 1981 Ed., § 35-601. 1973 Ed., § 35-501. Section References This section is referenced in § 31-3503. Cross References Health and accident companies, see § 31-5202. Hospital and medical services corporations, applicability of this section, see § 31-3503. Prohibition against assessment companies, see § 31-4331. Quo warranto proceedings to question right to corporate rights and franchises, see § 16-3501 et seq.
DC Code § 31-4403 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 44 - Domestic Life Companies|§ 31-4403. Formation — Corporate powers during completion of organization; issuance of certificate of authority

(a) The Commissioner shall examine the proposed articles and other papers so filed with him and, if he finds the same in accordance with law, he shall so certify and return the same to the Commissioner, who shall cause the articles and the certificate of the Corporation Counsel to be recorded in the records of the Commissioner and issue to the incorporators 2 certified copies thereof, one of which shall be recorded in the Office of the Recorder of Deeds for the District of Columbia, and thereupon such incorporators and their associates shall become and be a body corporate with power to sue and be sued, contract and be contracted with, adopt a seal, and do such other acts, subject to the provisions of this subdivision, as shall be needful to accomplish the purposes of its organization. If the Commissioner shall approve the sureties on the bond so filed, or on any like bond substituted therefor, he shall issue to the corporation a permit, as a “company in course of organization,” authorizing it to complete its organization. Said company in course of organization shall have authority under such permit to solicit subscriptions and payments for capital stock, if a stock company, and applications and advance premiums for insurance, and to exercise such powers, subject to the limitations in this subdivision prescribed, as may be necessary and proper in completing its organization and qualifying itself for a certificate of authority from the Commissioner to transact the business of insurance appertaining to persons. But such company shall not issue policies or enter into contracts of insurance until it shall have received the certificate of the Commissioner authorizing it so to do. (b) Upon completion of organization in accordance with this subdivision the Commissioner shall issue to such company, in course of organization, a certificate of authority as an insurance company.  (June 19, 1934, 48 Stat. 1144, ch. 672, ch. III, § 3; May 21, 1997, D.C. Law 11-268, § 10(k), 44 DCR 1730; Mar. 8, 2007, D.C. Law 16-232, § 205(b)(1), 54 DCR 368.)  Prior Codifications 1981 Ed., § 35-603. 1973 Ed., § 35-503. Effect of Amendments D.C. Law 16-232, in subsec. (a), substituted “The Commissioner shall examine the proposed articles and other papers so filed with him” for “The Commissioner shall submit the proposed articles and other papers so filed with him to the Corporation Counsel of the District, who shall examine the same”. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4402.
DC Code § 31-4404 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 44 - Domestic Life Companies|§ 31-4404. Formation — Authority to solicit stock subscriptions or insurance applications

No person shall solicit subscriptions for the capital stock of or applications for insurance in any such company in course of organization unless he has been duly authorized by the company and a certificate of his authority, duly signed by a principal officer of the company, has been filed with and approved by the Commissioner.  (June 19, 1934, 48 Stat. 1145, ch. 672, ch. III, § 4; May 21, 1997, D.C. Law 11-268, § 10(k), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-604. 1973 Ed., § 35-504. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4402.
DC Code § 31-4405 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 44 - Domestic Life Companies|§ 31-4405. Formation — Disposition of sums paid upon stock subscriptions

Every subscription to the capital stock of a stock company shall contain the stipulation that no sum shall be used for commission, promotion, or organization expenses in excess of a percentage of the amount paid upon the stock subscriptions, to be named in such stipulation and proved by the Commissioner, and the remainder of sums so paid to the company shall be invested in securities in which a life insurance company is authorized to invest, or deposited in a bank or trust company in the District until the company has duly procured a certificate of authority from the Commissioner.  (June 19, 1934, 48 Stat. 1145, ch. 672, ch. III, § 5; May 21, 1997, D.C. Law 11-268, § 10(k), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-605. 1973 Ed., § 35-505. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4402.
DC Code § 31-4406 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 44 - Domestic Life Companies|§ 31-4406. Formation — Examination of company; revocation and reinstatement of company’s permit or agent’s authority

The Commissioner shall personally, or through his Deputy and assistants, examine into the affairs of any such company in course of organization and inspect its books and papers, and may summon and examine under oath any officer or agent or any person who is or has been connected with or who has knowledge of the affairs of such company, and if he finds the company is violating the law, or if the company shall not be qualified for a certificate of authority within 2 years from date of its permit, he shall revoke its permit; and if he finds an agent of such company has violated the law, he shall revoke his authority, and he may for such agent’s violation revoke the company’s permit. Any revocation shall be after 20 days’ notice. The Commissioner may, on proper showing, reinstate any company’s permit or agent’s authority which he has revoked.  (June 19, 1934, 48 Stat. 1145, ch. 672, ch. III, § 6; May 21, 1997, D.C. Law 11-268, § 10(k), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-606. 1973 Ed., § 35-506. Cross References Hospital and medical services corporations, applicability of this section, see § 31-3503. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4402.
DC Code § 31-4407 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 44 - Domestic Life Companies|§ 31-4407. Formation — Time limitation for issuance of policies

If any domestic life insurance company, in course or organization, shall not commence to issue policies within 2 years from the date of filing its articles of incorporation in the office of the Commissioner, its powers shall thereby cease, and the court, upon petition of the Commissioner or of any person interested, may fix by decree the time in which the Commissioner may settle and close its affairs; provided, however, that the Commissioner may extend the time for any such company to commence the issuance of policies for a period not exceeding 2 years if the said company shall show good cause in writing why the same should be done.  (June 19, 1934, 48 Stat. 1145, ch. 672, ch. III, § 7; May 21, 1997, D.C. Law 11-268, § 10(k), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-607. 1973 Ed., § 35-507. Section References This section is referenced in § 31-3503. Cross References Hospital and medical services corporations, applicability of this section, see § 31-3503. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4402.
DC Code § 31-4408 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 44 - Domestic Life Companies|§ 31-4408. Minimum capital and surplus requirements

(a) A domestic capital-stock company organized under this subdivision shall have a paid-up capital stock of not less than $1,000,000. Each domestic capital-stock company organized under this subdivision, in addition to the paid-up capital stock, shall have a surplus paid-up equal to at least 50% of such capital stock. Each domestic mutual company organized or doing business under this subdivision shall at all times have a surplus as defined by this subdivision of not less than $1,500,000. (b) No company shall be exempt from the provisions of this section by reason of its having been incorporated in the District or elsewhere prior to the effective date of this subsection or subsequent amendment, except that in the case of companies authorized in the District of Columbia on August 31, 1964, and continuously authorized thereafter without any increase or broadening of authority, the minimum capital required of a stock company, or the minimum surplus required of a mutual company, shall not be increased by this section.  (June 19, 1934, 48 Stat. 1145, ch. 672, ch. III, § 8; May 4, 1950, 64 Stat. 104, ch. 157, § 4; Aug. 31, 1964, 78 Stat. 764, Pub. L. 88-556, § 1; Aug. 14, 1973, 87 Stat. 303, Pub. L. 93-89, title II, § 201(1), (2).)  Prior Codifications 1981 Ed., § 35-608. 1973 Ed., § 35-508. Section References This section is referenced in § 31-308. Cross References Independent certified public accountant report, minimum capital and surplus requirement, see § 31 References in Text “The effective date of this subsection,” referred to in subsection (b) of this section, is prescribed by § 5 of the Act of August 31, 1964, 78 Stat. 764, Pub. L. 88-557.
DC Code § 31-4409 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 44 - Domestic Life Companies|§ 31-4409. Amendment of articles of incorporation

Any company may amend its articles of incorporation upon publishing notice of such intention, authorized by a majority of its directors, once a week for 3 consecutive weeks in a newspaper of general circulation in the District, and with the written consent of stockholders representing at least two thirds of the capital stock entitled to vote, or two thirds of its members present in person or by proxy at a meeting called for that purpose if it does not have capital stock, and by observing such other and further requirements in that behalf as may be prescribed in its articles of incorporation. Such amendment shall be signed and acknowledged by the president and secretary or like officers of the company, and, with a copy of the proceedings of the stockholders or members, if any, and of the directors, shall be filed with the Commissioner and by him submitted to the Corporation Counsel, and if he finds the amendment and proceedings in conformity with the law, he shall so certify to the Commissioner. The amendment shall not take effect until the Commissioner shall deliver to the company his certified copy of the amendment and of the certificate of the Corporation Counsel.  (June 19, 1934, 48 Stat. 1145, ch. 672, ch. III, § 9; Aug. 31, 1964, 78 Stat. 765, Pub. L. 88-556, § 3; May 21, 1997, D.C. Law 11-268, § 10(k), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-609. 1973 Ed., § 35-509. Section References This section is referenced in § 31-3503. Cross References Hospital and medical services corporation, applicability of this section, see § 31-3503. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4402.