District of Columbia Statutes
§ 31-1506 — Penalties and liabilities.
District of Columbia § 31-1506
This text of District of Columbia § 31-1506 (Penalties and liabilities.) is published on Counsel Stack Legal Research, covering District of Columbia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
D.C. Code § 31-1506 (2026).
Text
(a)If the Mayor determines that the managing general agent or any other person has not materially complied with this chapter, or any regulation or order promulgated thereunder, after notice and opportunity to be heard, the Mayor may order:
(1)For each separate violation, a penalty in an amount not exceeding $10,000, or not more than $25,000 for intentional violations;
(2)Revocation or suspension of the producer’s license; and
(3)If it was found that because of material noncompliance the insurer has suffered any loss or damage, the Commissioner may maintain a civil action brought by or on behalf of the insurer and its policyholders and creditors for recovery of compensatory damages for the benefit of the insurer and its policyholders and creditors, or other appropriate relief.
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Legislative History
Oct. 21, 1993, D.C. Law 10-41, § 7, 40 DCR 6014; Apr. 26, 1994, D.C. Law 10-103, § 5, 41 DCR 1005
Nearby Sections
15
§ 31-1001
Report requirement.§ 31-1004
Confidentiality.§ 31-101
Definitions.§ 31-103
Functions and duties.§ 31-105
Transfers.§ 31-106
Organization.§ 31-106.01
Student Loan Ombudsman.§ 31-106.02a
Prohibited conduct – student loan servicers.§ 31-106.02b
Affirmative duties – student loan servicers.§ 31-106.02c
Prohibited acts – private education lenders.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 31-1506, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-1506.