reglab/housing_qa huggingface dataset:
DC Code § 31-5205 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 52 - General Provisions|§ 31-5205. Employees’ compensation corporations or associations to file certain information with Commissioner; disapproval of premium rate or schedule; judicial review

Every insurance corporation or association authorized to transact business in the District of Columbia, which insures employers against liability for compensation under the Employees’ Compensation Act, shall file with the Commissioner of Insurance and Securities [Commissioner of the Department of Insurance, Securities, and Banking] its manual of classifications and underwriting rules, together with basic rates for each class, and also merit rating plans designed to modify the class rates, none of which shall take effect until the Commissioner of Insurance and Securities [Commissioner of the Department of Insurance, Securities, and Banking] shall have approved the same as adequate and reasonable for the group of risks to which they respectively apply. The Commissioner of Insurance and Securities [Commissioner of the Department of Insurance, Securities, and Banking] may withdraw his approval of any premium rate or schedule made by any insurance corporation or association, if, in his judgment, such premium rate or schedule is inadequate or unreasonable; provided, that upon petition of the company or association or any other party aggrieved the opinion of the Commissioner of Insurance and Securities [Commissioner of the Department of Insurance, Securities, and Banking] shall be subject to review by the Superior Court of the District of Columbia: Provided further, that any petition for review shall be filed with said Court within 30 days after the rendition of opinion by the Commissioner of Insurance and Securities [Commissioner of the Department of Insurance, Securities, and Banking].  (Mar. 3, 1901, ch. 854, § 657b; April 16, 1934, 48 Stat. 592, ch. 144; June 25, 1936, 49 Stat. 1921, ch. 804; June 25, 1948, 62 Stat. 991, ch. 646, § 32(b); May 24, 1949, 63 Stat. 107, ch. 139, § 127; July 29, 1970, 84 Stat. 572, Pub. L. 91-358, title I, § 155(c)(36); May 21, 1997, D.C. Law 11-268, § 10(d), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-205. 1973 Ed., § 35-205. References in Text “The Employees’ Compensation Act,” referred to near the beginning of the first sentence, refers to Chapter 15 of Title 36. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-5201.
DC Code § 31-5233 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 52A - Certified Capital Companies|§ 31-5233. Premium Tax Credit

(a) Any Certified Investor who makes an investment of Certified Capital pursuant to an allocation of Premium Tax Credits under § 31-5234 shall, in the year of investment, earn a Premium Tax Credit in the amount of the Certified Investor’s investment of Certified Capital. (b) A Certified Investor may claim an amount not to exceed 25% of the Premium Tax Credits per year (“Annual Amount”) against its District Premium Tax Liability, beginning with the premium tax filing for calendar year 2009. The Annual Amount shall not exceed the District Premium Tax Liability of the Certified Investor for the taxable year. All unused Premium Tax Credits may be carried forward indefinitely until they are utilized. (c)(1) A Certified Investor may use up to 1/2 of its Annual Amount to offset its required June 1st payment of 1/2 of an insurance company’s District Premium Tax Liability, as set forth under § 31-205(b)(4), beginning with the June 1, 2008 payment. (2) A Certified Investor claiming a Premium Tax Credit shall not be required to pay any additional or retaliatory tax levied pursuant to § 31-205(f)(1) as a result of claiming the Premium Tax Credit. (d) A Certified Investor shall not be required to reduce the amount of premium tax included by the Certified Investor in connection with ratemaking in the District, for any insurance written by the Certified Investor or affiliate thereof, because of a reduction in the Certified Investor’s District Premium Tax Liability from the utilization of the Premium Tax Credits.  (Mar. 10, 2004, D.C. Law 15-87, § 4, 50 DCR 10982; Apr. 13, 2005, D.C. Law 15-354, § 49(b), 52 DCR 2638.)  Section References This section is referenced in § 31-5231. Effect of Amendments D.C. Law 15-354, in pars. (1) and (2) of subsec. (c), validated previously made technical corrections.
DC Code § 31-5236 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 52A - Certified Capital Companies|§ 31-5236. One hundred percent investment requirement

(a) A Certified Capital Company may make Qualified Distributions at any time. To make a distribution, other than a Qualified Distribution, a Certified Capital Company shall have made Qualified Investments in an amount cumulatively equal to 100% of its Certified Capital. A Certified Capital Company may repay principal and interest on its indebtedness without any restriction, including repayments of indebtedness of the Certified Capital Company on which Certified Investors earned Premium Tax Credits. (a-1) Notwithstanding any other provision in this chapter, if, pursuant to § 31-5235(a)(4), a Certified Capital Company has not made Qualified Investments cumulatively equal to 100% of its Certified Capital within 10 years after its Allocation Date, the Certified Capital Company shall be prohibited from using its Certified Capital to pay its management fees. (b)(1) When distributions to holders of equity interests of a Certified Capital Company cumulatively exceed the Certified Capital Company’s original Certified Capital plus any additional capital contributions to the Certified Capital Company (the “Certified Capital Company Capital”), the Certified Capital Company shall report to the Commissioner at the time of the distribution whether the aggregate total of such distributions, when combined with the annual Premium Tax Credits allocated to the Certified Capital Company’s Certified Investors under this chapter to that time, have resulted in an annual internal rate of return exceeding 15% on the Certified Capital Company Capital. (2) If the Certified Capital Company’s annual internal rate of return, determined in accordance with paragraph (1) of this subsection, exceeds 15%, the Certified Capital Company shall at the time of the distribution pay to the Commissioner an amount equal to 15% of the amount above that required to produce the 15% return.  (Mar. 10, 2004, D.C. Law 15-87, § 7, 50 DCR 10982; May 27, 2010, D.C. Law 18-181, § 2(c), 57 DCR 3388.)  Section References This section is referenced in § 31-5235. Effect of Amendments D.C. Law 18-181 added subsec. (a-1).
DC Code § 31-5238 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 52A - Certified Capital Companies|§ 31-5238. Transferability

The Premium Tax Credits may be transferred or sold. The Commissioner shall promulgate regulations to facilitate the transfer or sale of Premium Tax Credits. Any the transfer or sale shall not affect the time schedule for claiming the Premium Tax Credits. Any Premium Tax Credits recaptured under § 31-5237 shall be the liability of the Certified Investor that actually claimed the Premium Tax Credits.  (Mar. 10, 2004, D.C. Law 15-87, § 9, 50 DCR 10982.)
DC Code § 31-5238.01 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 52A - Certified Capital Companies|§ 31-5238.01. Fees deposited in Insurance Regulatory Trust Fund

All fees collected pursuant to this chapter shall be deposited in the Insurance Regulatory Trust Fund established by § 31-1202 and expended for the purposes authorized by the Fund.  (Mar. 10, 2004, D.C. Law 15-87, § 9a; as added Oct. 20, 2005, D.C. Law 16-33, § 2203, 52 DCR 7503.)  Emergency Legislation For temporary (90 day) addition, see § 2 of the Captive Insurance Company Enhancement Emergency Amendment Act of 2004 (D.C. Act 15-481, July 19, 2004, 51 DCR 7811). For temporary (90 day) amendment of section, see § 2 of Captive Insurance Company Enhancement Congressional Review Emergency Amendment Act of 2004 (D.C. Act 15-549, October 26, 2004, 51 DCR 10336). For temporary (90 day) addition, see § 2203 of Fiscal Year 2006 Budget Support Emergency Act of 2005 (D.C. Act 16-168, July 26, 2005, 52 DCR 7667). Temporary Legislation For temporary (225 day) addition, see § 2 of Captive Insurance Company Enhancement Temporary Amendment Act of 2004 (D.C. Law 15-215, December 7, 2004, law notification 52 DCR 459).
DC Code § 31-5238.03 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 52A - Certified Capital Companies|§ 31-5238.03. Waivers and disqualifications

The Commissioner may grant a business a 6-month waiver from any of the eligibility criteria to receive an Initial Investment if the Commissioner finds that the business will meet the eligibility criteria to receive an Initial Investment within 6 months of the date of issuance of the waiver. The waiver shall expire 6 months after it is issued and a business shall not receive an additional waiver pursuant to this section. Upon satisfaction of all eligibility criteria within the 6-month period, the business shall promptly provide the Commissioner with an affidavit stating that the business has satisfied the eligibility criteria to receive an Initial Investment and shall provide any supporting documents requested by the Commissioner.  (Mar. 10, 2004, D.C. Law 15-87, § 9b; as added May 27, 2010, D.C. Law 18-181, § 2(e), 57 DCR 3388.)  Section References This section is referenced in § 31-5235.
DC Code § 31-5239 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 52A - Certified Capital Companies|§ 31-5239. Rulemaking

The Commissioner shall issue rules and regulations to implement this chapter within 120 days of March 10, 2004.  (Mar. 10, 2004, D.C. Law 15-87, § 10, 50 DCR 10982.)
DC Code § 31-5302 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5302. Operation for benefit of members and their beneficiaries; bylaws

(a)(1) A society shall operate for the benefit of its members and their beneficiaries by: (A) Providing benefits as specified in § 31-5313; and (B) Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purposes for the benefit of its members, which may also be extended to others. (2) The purposes of paragraph (2) of this subsection may be carried out directly by the society, or indirectly through subsidiary corporations or affiliated organizations. (b) Every society shall have the power to adopt laws and rules for the government of the society, the admission of its members, and the management of its affairs. It shall have the power to change, alter, add to, or amend such laws and rules and shall have other powers as are necessary and incidental to carrying into effect the objects and purposes of the society.  (Apr. 29, 1998, D.C. Law 12-86, § 1203, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1232. Section References This section is referenced in § 31-5309.
DC Code § 31-5303 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5303. Qualifications for membership

(a) A society shall specify in its laws or rules: (1) Eligibility standards for each class of membership, provided that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age 15 and not greater than age 21; (2) The process for admission to membership for each membership class; and (3) The rights and privileges of each membership class, provided that only benefit members shall have the right to vote on the management of the insurance affairs of the society. (b) A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society. (c) Membership rights in the society are personal to the member and are not assignable.  (Apr. 29, 1998, D.C. Law 12-86, § 1204, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1233.
DC Code § 31-5304 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5304. Location of office

(a) The principal office of any domestic society shall be located in the District. The meetings of its supreme governing body may be held in any state, district, province, or territory wherein such society has at least one subordinate lodge, or in any other location as determined by the supreme governing body, and all business transacted at the meetings shall be as valid in all respects as if the meetings were held in the District. The minutes of the proceedings of the supreme governing body and of the board of directors shall be in the English language. (b)(1) A society may provide in its laws for an official publication in which any notice, report, or statement required by law to be given to members, including notice of election, may be published. The required reports, notices, and statements shall be printed conspicuously in the publication. If the records of a society show that 2 or more members have the same mailing address, an official publication mailed to one member is deemed to be mailed to all members at the same address unless a member requests a separate copy. (2) Not later than June 1st of each year, a synopsis of the society’s annual statement providing an explanation of the facts concerning the condition of the society thereby disclosed shall be printed and mailed to each benefit member of the society or, in lieu thereof, the synopsis may be published in the society’s official publication. (c) A society may provide in its laws or rules for grievance or complaint procedures for members.  (Apr. 29, 1998, D.C. Law 12-86, § 1205, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1234.
DC Code § 31-5306 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5306. Waiver of laws

The laws of the society may provide that no subordinate body, nor any of its subordinate officers or members, shall have the power or authority to waive any of the provisions of the laws of the society. Such provision shall be binding on the society and every member and beneficiary of a member.  (Apr. 29, 1998, D.C. Law 12-86, § 1207, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1236.
DC Code § 31-5308 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5308. Laws; amendments

(a) A domestic society may amend its laws in accordance with the provisions of its laws by action of its supreme governing body at any regular or special meeting or, if its laws so provide, by referendum. The referendum may be held in accordance with the provisions of its laws by the vote of the voting members of the society, by the vote of delegates or representatives of voting members, or by the vote of local lodges. A society may provide for voting by mail. No amendment submitted for adoption by referendum shall be adopted unless, within 6 months from the date of submission, a majority of the members voting shall have signified their consent to such amendment by one of the methods herein specified. Any such amendment shall be filed with the Commissioner. (b) Within 90 days from the filing of any such amendment, a copy or synopsis thereof shall be furnished to all members of the society either by mail or by publication in full in the official publication of the society. The affidavit of any officer of the society or of anyone authorized by it to mail any amendments or synopsis thereof, stating facts which show that same have been duly addressed and mailed, shall be prima facie evidence that the amendments or synopsis, have been furnished to the addressee. (c) Every foreign or alien society authorized to do business in the District shall file with the Commissioner a duly certified copy of all amendments of, or additions to, its laws within 90 days after enactment. (d) Printed copies of the laws as amended, certified by the secretary or corresponding officer of the society shall be prima facie evidence of the legal adoption thereof.  (Apr. 29, 1998, D.C. Law 12-86, § 1209, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1238.
DC Code § 31-5309 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5309. Operations of nonprofit institutions

A society may create, maintain, and operate, or may establish organizations to operate, not-for-profit institutions to further the purposes permitted by § 31-5302(a)(2). Such institutions may furnish services free of charge or at a reasonable charge. Any real or personal property owned, held, or leased by the society for this purpose shall be reported in every annual statement.  (Apr. 29, 1998, D.C. Law 12-86, § 1210, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1239.
DC Code § 31-5310 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5310. Reinsurance

A domestic society may enter into reinsurance transactions only in accordance with Chapter 5 of this title. Notwithstanding that law, a society may reinsure the risks of another society in a consolidation or merger approved by the Commissioner under § 31-5311.  (Apr. 29, 1998, D.C. Law 12-86, § 1211, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1240.
DC Code § 31-5311 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5311. Consolidations and mergers

A domestic society may enter into agreements of consolidation or merger in accordance with § 31-4443.  (Apr. 29, 1998, D.C. Law 12-86, § 1212, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1241. Section References This section is referenced in § 31-5310.
DC Code § 31-5312 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5312. Conversion of fraternal benefit society into a mutual life insurance company

Any domestic fraternal benefit society may be converted and licensed as a mutual life insurance company by compliance with all the applicable requirements of the laws of the District with respect to similar mutual legal reserve life insurance corporations if the plan of conversion has been approved by the Commissioner. A plan of conversion shall be prepared in writing by the board of directors setting forth in full the terms and conditions of conversion. The affirmative vote of 2/3 of all members of the supreme governing body at a regular or special meeting shall be necessary for the approval of the plan. No such conversion shall take effect unless approved by the Commissioner who may grant approval if the Commissioner finds that the proposed change is in conformity with the requirements of law and not prejudicial.  (Apr. 29, 1998, D.C. Law 12-86, § 1213, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1242.
DC Code § 31-5313 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5313. Benefits

(a) A society may provide the following contractual benefits in any form: (1) Death benefits; (2) Endowment benefits; (3) Annuity benefits; (4) Temporary or permanent disability benefits; (5) Hospital, medical, or nursing benefits; (6) Monument or tombstone benefits to the memory of deceased members; and (7) Such other benefits as authorized for life insurers and which are not inconsistent with this chapter. (b) A society shall specify in its rules those persons who may be issued, or covered by, the contractual benefits in subsection (a) of this section, consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person.  (Apr. 29, 1998, D.C. Law 12-86, § 1214, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1243. Section References This section is referenced in § 31-5301 and § 31-5302.
DC Code § 31-5314 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5314. Beneficiaries

(a) The owner of a benefit contract shall have the right at all times to change the beneficiary or beneficiaries in accordance with the laws or rules of the society unless the owner waives this right by specifically requesting in writing that the beneficiary designation be irrevocable. A society may, through its laws or rules, limit the scope of beneficiary designations and shall provide that no revocable beneficiary shall have or obtain any vested interest in the proceeds of any certificate until the certificate has become due and payable in conformity with the provisions of the benefit contract. (b) A society may make provision for the payment of funeral benefits to the extent the portion of any payment under a certificate as might reasonably appear to be due to any person equitably entitled thereto by reason of having incurred expense occasioned by the burial of the member. The portion so paid shall not exceed $2,000. (c) If, at the death of any person insured under a benefit contract, there is no lawful beneficiary to whom the proceeds shall be payable, the amount of the benefit, except to the extent that funeral benefits may be paid as provided in subsection (b) of this section, shall be payable to the estate of the deceased insured in the same manner as other property not exempt. If the owner of the certificate is other than the insured, the proceeds shall be payable to the owner.  (Apr. 29, 1998, D.C. Law 12-86, § 1215, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1244.
DC Code § 31-5315 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5315. Benefits not attachable

No money or other benefit, charity, relief, or aid to be paid, provided, or rendered by any society, shall be liable to attachment, garnishment, or other process, or to be seized, taken, appropriated, or applied by any legal or equitable process or operation of law to pay any debt or liability of a member or beneficiary, or any other person who may have a right thereunder, either before or after payment by the society.  (Apr. 29, 1998, D.C. Law 12-86, § 1216, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1245.
DC Code § 31-5317 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 53 - Fraternal Benefit Societies|§ 31-5317. Nonforfeiture benefits, cash surrender values, certificate loans, and other options

(a) For certificates issued prior to one year after April 29, 1998, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall comply with the provisions of law applicable immediately prior to April 29, 1998. (b) For certificates issued on or after one year from April 29, 1998 for which reserves are computed on 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, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall not be less than the corresponding amount ascertained in accordance with the laws of the District applicable to life insurers issuing policies containing like benefits based upon such tables.  (Apr. 29, 1998, D.C. Law 12-86, § 1218, 45 DCR 1172.)  Prior Codifications 1981 Ed., § 35-1247.