reglab/housing_qa huggingface dataset:
DC Code § 31-4121.04 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 41A - Risk Management and Own Risk and Solvency Assessment|§ 31-4121.04. ORSA Summary Report

(a) Upon the Commissioner's request, and no more than once each year, an insurer shall submit to the Commissioner an ORSA Summary Report or any combination of reports applicable to the insurer or the insurance group of which it is a member that together contain the information described in the ORSA Guidance Manual ("reports"). If the insurer is a member of an insurance group, the insurer shall annually submit the reports required by this subsection to the lead state commissioner of the insurance group as determined by the procedures within the Financial Analysis Handbook adopted by the NAIC regardless of whether the Commissioner has made a request. (b) The reports shall be signed by the insurer or insurance group's chief risk officer or other executive having responsibility for the oversight of the insurer's enterprise risk management process. The executive shall attest that to the best of the executive's belief and knowledge the insurer has applied the enterprise risk management process described in the ORSA Summary Report and that a copy of the report has been provided to the insurer's board of directors or the appropriate committee of the board. (c) An insurer may comply with subsection (a) of this section by providing the most recent and substantially similar report provided by the insurer or another member of an insurance group of which the insurer is a member to the commissioner of another state or to a supervisor or regulator of a foreign jurisdiction; provided, that the report provides information that is comparable to the information described in the ORSA Guidance Manual; provider further, that a report in a language other than English shall be accompanied by an English translation of the report.  (Mar. 28, 2019, D.C. Law 22-269, § 5, 66 DCR 1438.)
DC Code § 31-4121.06 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 41A - Risk Management and Own Risk and Solvency Assessment|§ 31-4121.06. Contents of ORSA Summary Report

(a) The ORSA Summary Report, and any additional requests for information, shall be prepared: (1) In consistence with the ORSA Guidance Manual; and (2) Using procedures consistent with § 31-707 and Chapter 14 of this title. (b) Documentation and supporting information shall be maintained for a period to be determined by the Commissioner and made available upon request of the Commissioner.  (Mar. 28, 2019, D.C. Law 22-269, § 7, 66 DCR 1438.)
DC Code § 31-4121.08 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 41A - Risk Management and Own Risk and Solvency Assessment|§ 31-4121.08. Sanctions

An insurer failing without just cause, as defined by the Commissioner by rule, to timely file an ORSA Summary Report required by this chapter shall, after notice and a hearing conducted according to the rules for contested cases set forth in Chapter 38 of Title 26 of the District of Columbia Municipal Regulations, be subject to a penalty in an amount not to exceed $1,000 per day. The maximum penalty assessed under this section shall be $25,000. The Commissioner shall recover this penalty.  (Mar. 28, 2019, D.C. Law 22-269, § 9, 66 DCR 1438.)
DC Code § 31-4121.09 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 41A - Risk Management and Own Risk and Solvency Assessment|§ 31-4121.09. Rulemaking

The Commissioner, pursuant to subchapter I of Chapter 5 of Title 2, may issue rules to implement the provisions of this chapter.  (Mar. 28, 2019, D.C. Law 22-269, § 10, 66 DCR 1438.)
DC Code § 31-4201 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 42 - General Provisions|§ 31-4201. Short title; applicability of provisions

This subdivision shall be known as the “Life Insurance Act.” All life insurance companies now or hereafter incorporated or formed by authority of any general or special law of this District or by other act of Congress, and all foreign and alien companies authorized to do business in this District, shall be subject to said chapters.  (June 19, 1934, 48 Stat. 1127, ch. 672, ch. I, § 1.)  Prior Codifications 1981 Ed., § 35-301. 1973 Ed., § 35-301. Cross References Application of chapter to existing companies, see § 31-4420. Hospital and medical services corporations, applicability of this section, see § 31-3503.
DC Code § 31-4302 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4302. Collection of charges and fees

(a) All charges and fees provided for in this section shall be collected by the Commissioner and made payable to the District of Columbia. (b) For filing charter or articles of incorporation or association, or deed of settlement or copy thereof, required by law, $300; for each company certificate of authority, $200, renewal fee, $200; for license of each general agent, $100, renewal fee, $100; for license of each agent, or solicitor, $50, renewal fee $50; for license of each broker, $100, renewal fee, $100. For each appointment fee for each agent, general agent, or each solicitor, $25 fee, $25 renewal fee; provided, however, that beginning October 1, 1994, the license and renewal fee of each general agent, agent or solicitor, and broker shall be payable biennially in accordance with the rulemaking procedures in section 3(a)(2). (c) The Mayor may amend all fees referred to in this chapter by rulemaking pursuant to subchapter I of Chapter 5 of Title 2.  (June 19, 1934, 48 Stat. 1130, ch. 672, ch. II, § 2; Feb. 23, 1980, D.C. Law 3-52, § 2, 27 DCR 26; June 14, 1994, D.C. Law 10-128, § 401, 41 DCR 2096; Feb. 27, 1996, D.C. Law 11-90, § 10, 42 DCR 7155; May 21, 1997, D.C. Law 11-268, § 10(i), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-402. 1973 Ed., § 35-402. Section References This section is referenced in § 31-3503. Cross References Hospital and medical services corporations, applicability of this section, see § 31-3503. Taxation and fiscal affairs of insurance companies, see § 47-2601 et Emergency Legislation For temporary amendment of section, see § 11 of the Insurance Omnibus Emergency Amendment Act of 1995 (D.C. Act 11-48, May 15, 1995, 42 DCR 2544) and § 10 of the Insurance Omnibus Congressional Recess Emergency Amendment Act of 1995 (D.C. Act 11-97, July 19, 1995, 42 DCR 3844). Temporary Legislation For temporary (225 day) amendment of section, see § 10 of Insurance Omnibus Temporary Amendment Act of 1995 (D.C. Law 11-36, September 8, 1995, law notification 42 DCR 5305). References in Text “Section 3(a)(2),” referred to in (b), is § 3(a)(2) of chapter II of the Life Insurance Act, approved June 19, 1934, Pub. L. 73-436, 48 Stat. 1130, ch. 672. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4301.
DC Code § 31-4303 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4303. Disposition of excess in fees, charges, or taxes

Whenever it appears to the satisfaction of the Commissioner that, because of some error, mistake, or erroneous interpretation of a statute, a company has paid fees, charges, or taxes in excess of the amount legally chargeable against it, the Commissioner shall, on application of the company, present the matter to the Mayor, with the view of refunding to such company any such excess, or applying the excess or portion thereof toward the payment of fees, charges, or taxes already due from such company.  (June 19, 1934, 48 Stat. 1131, ch. 672, ch. II, § 4; May 21, 1997, D.C. Law 11-268, § 10(i), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-403. 1973 Ed., § 35-403. Section References This section is referenced in § 31-3503. Cross References Hospital and medical services corporations, applicability of this section, see § 31-3503. Tax refunds, see §§ 47-1317, 47-1318. 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 § 31-4306 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4306. Annual financial statement — Forms to be furnished by Superintendent. [Repealed]

Repealed.  (Oct. 21, 1993, D.C. Law 10-42, § 7(b), 40 DCR 6020.)  Prior Codifications 1981 Ed., §§ 35-406, 35-407. Editor's Notes D.C. Law 11-268, § 10(i) ( 44 DCR 1730), eff. May 21, 1997, amends these sections subsequent to their repeal.
DC Code § 31-4307 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4307. Annual financial statement — Companies required to file; failure to file; publication of summary [Repealed]

Repealed.  (Oct. 21, 1993, D.C. Law 10-42, § 7(b), 40 DCR 6020.)  Prior Codifications 1981 Ed., §§ 35-406, 35-407. Editor's Notes D.C. Law 11-268, § 10(i) ( 44 DCR 1730), eff. May 21, 1997, amends these sections subsequent to their repeal.
DC Code § 31-4308 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4308. Companies or agents not to make or publish false statements. [Repealed]

Repealed.  (June 19, 1934, 48 Stat. 1132, ch. 672, ch. II, § 9; Apr. 3, 2001, D.C. Law 13-265, § 126(a), 48 DCR 1225; redesignated § 301, Oct. 19, 2002, D.C. Law 14-213, § 20(b), 49 DCR 8140.)  Prior Codifications 1981 Ed., § 35-408. 1973 Ed., § 35-408.
DC Code § 31-4309 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4309. Representation of financial standing—All companies or agents. [Repealed]

Repealed.  (June 19, 1934, 48 Stat. 1132, ch. 672, ch. II, § 10; Apr. 3, 2001, D.C. Law 13-265, § 126(a), 48 DCR 1225; redesignated § 301, Oct. 19, 2002, D.C. Law 14-213, § 20(b), 49 DCR 8140.)  Prior Codifications 1981 Ed., § 35-409. 1973 Ed., § 35-409.
DC Code § 31-4310 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4310. Representation of financial standing — Alien companies; violations

(a) Every advertisement or public announcement and every sign, circular, or card issued by an alien company doing business in the District, representing its financial standing, shall exhibit as capital stock and assets only the capital stock and assets held by its United States branch, the liabilities, including therein the premium and loss reserves required by law, and the amount of surplus, and shall correspond to the next preceding verified statement made by such company to the Commissioner; provided, however, that this section shall not be deemed to prevent an alien company from furnishing to its policyholders in the District of Columbia its annual report to policyholders of its domicile. This subsection shall not apply to an alien company which maintains in the United States, as required by law, assets held in trust for the benefit of the United States policyholders in an amount not less than the sum of its required capital deposit and the amount of its outstanding liabilities arising out of its insurance transactions in the United States. (b) Any violation of this section or § 31-4309 [repealed] shall be a misdemeanor, and any person convicted of such violation shall, for the 1st offense, be liable to a fine of not more than $500, and for each subsequent offense shall be liable to a fine of not more than $1,000.  (June 19, 1934, 48 Stat. 1132, ch. 672, ch. II, § 11; Dec. 5, 1963, 77 Stat. 347, Pub. L. 88-193, § 2; Sept. 7, 1966, 80 Stat. 705, Pub. L. 89-559,§ 1; Aug. 8, 1968, 82 Stat. 662, Pub. L. 90-467; May 21, 1997, D.C. Law 11-268, § 10(i), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-410. 1973 Ed., § 35-410. 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 § 31-4301.
DC Code § 31-4311 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4311. Defamatory or injurious false statements against companies. [Repealed]

Repealed.  (June 19, 1934, 48 Stat. 1132, ch. 672, ch. II, § 12; Apr. 3, 2001, D.C. Law 13-265, § 126(a), 48 DCR 1225; redesignated § 301, Oct. 19, 2002, D.C. Law 14-213, § 20(b), 49 DCR 8140.)  Prior Codifications 1981 Ed., § 35-411. 1973 Ed., § 35-411.
DC Code § 31-4312 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4312. Commissioner authorized to issue subpoenas; enforcement

(a) In the examination of any company as provided for in this subdivision, the Commissioner shall have power to issue subpoenas in the name of the Chief Judge of the Superior Court of the District of Columbia to compel witnesses to appear and testify and/or to produce all books, records, papers, or documents before said Commissioner. (b) If any witness having been personally summoned shall neglect or refuse to obey the subpoena issued as herein provided, then and in that event the Commissioner may report that fact to the Superior Court of the District of Columbia, or one of the judges thereof, and said Court, or any judge thereof, hereby is empowered to compel obedience to said subpoena to the same extent as witnesses may be compelled to obey the subpoenas of that Court.  (June 19, 1934, 48 Stat. 1133, ch. 672, ch. II, § 13; June 25, 1936, 49 Stat. 1921, ch. 804; June 25, 1948, 62 Stat. 991, ch. 646, § 32(a), (b); May 24, 1949, 62 Stat. 107, ch. 139, § 127; July 29, 1970, 84 Stat. 572, Pub. L. 91-358, title I, § 155(c)(37)(A); May 21, 1997, D.C. Law 11-268, § 10(i), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-412. 1973 Ed., § 35-412. Section References This section is referenced in § 31-3503. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4301.
DC Code § 31-4313 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4313. Enforcement of Commissioner’s orders or actions

The Commissioner may, through the Corporation Counsel of the District, invoke the aid of any court of competent jurisdiction to enforce any order made or action taken by him in pursuance of law.  (June 19, 1934, 48 Stat. 1133, ch. 672, ch. II, § 14; May 21, 1997, D.C. Law 11-268, § 10(i), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-413. 1973 Ed., § 35-413. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4301.
DC Code § 31-4314 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4314. False statements in application for policy

The falsity of a statement in the application for any policy of insurance shall not bar the right to recovery thereunder unless such false statement was made with intent to deceive or unless it materially affected either the acceptance of the risk or the hazard assumed by the company.  (June 19, 1934, 48 Stat. 1133, ch. 672, ch. II, § 15; May 21, 1997, D.C. Law 11-268, § 10(i), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-414. 1973 Ed., § 35-414. Cross References Form and contents of insurance contracts, see §§ 31-4703, 31-4712. Industrial policies, special provisions, see § 31-4801 et seq. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4301.
DC Code § 31-4315 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4315. Deposit of securities by companies desiring to transact business — Amount; deposits outside District

(a) Every company desiring to transact business in the District shall, as a prerequisite to the issuance of a certificate of authority, deposit, as herein provided, approved securities of not less than $100,000 market value. In the case of domestic companies, such deposit shall be made in the District as prescribed under § 31-4316; provided, that the deposit of every domestic company heretofore organized under the provisions of the laws of the District or other act of Congress may, in the discretion of the Commissioner, be limited: (1) For stock companies, to an amount equal to the capital stock outstanding on June 19, 1934; and (2) for nonstock companies, to such amount as in the opinion of the Commissioner would be required from stock companies of comparable size. In no case shall the deposit of a domestic company be less than $25,000 in value. In the case of foreign or alien companies, the deposit may be made as provided under § 31-4316, or may be made with the supervising official of any state, territory, or insular possession of the United States authorized to accept such deposit, which shall be held for the benefit of all policyholders. (b) In the case of a deposit made with an official outside the District, a certificate of deposit from said official shall be filed with the Commissioner, showing the character of the deposit, before a certificate of authority to transact business in the District may be issued, and, if the securities so deposited are not of the class authorized by this subdivision for investments of companies, the Commissioner may require an additional deposit in approved securities.  (June 19, 1934, 48 Stat. 1133, ch. 672, ch. II, § 16; May 20, 1940, 54 Stat. 217, ch. 204; May 21, 1997, D.C. Law 11-268, § 10(i), 44 DCR 1730; Mar. 24, 1998; D.C. Law 12-81, § 22(b), 45 DCR 745.)  Prior Codifications 1981 Ed., § 35-415. 1973 Ed., § 35-415. Cross References Reserves, see § 31-5201. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4301.
DC Code § 31-4317 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4317. Deposit of securities by companies desiring to transact business — Withdrawal upon discontinuance of business or reinsurance

(a) When a company determines to discontinue its business or to cease to do business in the District and desires to withdraw its deposit made in the District pursuant to this subdivision the Commissioner shall, upon the application of the company, and at its expense, give notice of such intention in a newspaper of general circulation in the District once a week for 3 consecutive weeks. After such publication he shall deliver to such company or its assigns the securities so deposited when he is satisfied upon examination and investigation made by him or under his authority and upon the oaths of the president and secretary or other chief officers of the company that all debts and liabilities of every kind due and to become due which the deposit was made to secure are paid and extinguished; provided, that the Commissioner may require any company so withdrawing from the District to furnish bond to cover any undisclosed or contingent liabilities. (b) Upon a company being wholly reinsured the Commissioner may deliver to it or to its assigns all securities deposited by it upon compliance with the following condition: The reinsuring company shall assume and agree to discharge all liabilities of every kind due and to become due which the deposit of the reinsured company was made to secure. Such reinsuring company shall have a deposit in the District or with some state official in the United States in securities recognized by this law as lawful investments of the company in an amount and value not less than the deposit required of the reinsured company. The deposit of the reinsuring company shall be such that it will subsist for the security of the obligations of the reinsured company assumed by the reinsuring company. The Commissioner shall give notice of such reinsurance agreement and of the application for the deposit once a week for 3 consecutive weeks in a newspaper of general circulation in the District before the delivery of such securities to the reinsuring company.  (June 19, 1934, 48 Stat. 1134, ch. 672, ch. II, § 18; May 21, 1997, D.C. Law 11-268, § 10(i), 44 DCR 1730.)  Prior Codifications 1981 Ed., § 35-417. 1973 Ed., § 35-417. Cross References Reserves, see § 31-5201. Editor's Notes Department of Insurance abolished: See Historical and Statutory Notes following § 31-4301.
DC Code § 31-4318 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4318. Examinations; reports; expenses. [Repealed]

Repealed.  (Oct. 21, 1993, D.C. Law 10-49, § 9(b), 40 DCR 6110.)  Prior Codifications 1981 Ed., § 35-418.
DC Code § 31-4319 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4319. Superintendent authorized to take over companies; grounds; procedure; liquidation; special agents and employees; rules and regulations; reports and bonds [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 § 31-4320 (2021)
2021 District of Columbia Code|Title 31 - Insurance and Securities|Chapter 43 - Department of Insurance, Securities, And Banking with Respect to Life Companies|§ 31-4320. Companies deemed insolvent [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).