District of Columbia Statutes
§ 31-1631.05 — Bond requirement.
District of Columbia § 31-1631.05
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 16APublic Insurance Adjuster Licensure.
This text of District of Columbia § 31-1631.05 (Bond requirement.) 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 § 31-1631.05 (2026).
Text
(a)At the time of the application for license as a public insurance adjuster, the applicant shall file with the Commissioner a bond executed and issued by a surety insurer authorized to transact business in the District in the amount of $20,000, which bond shall serve the faithful performance of his or her duties as a public insurance adjuster. A public insurance adjuster license shall automatically terminate when the bond is not in force.
(b)The bond shall have the following characteristics:
(1)The bond shall be in favor of the District and shall specifically authorize recovery by the Commissioner of the damages sustained if the licensee is convicted of fraud or unfair practices in connection with his or her business as a public insurance adjuster.
(2)The aggregate liability of
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Legislative History
Mar. 27, 2003, D.C. Law 14-256, § 5, 50 DCR 238
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 § 31-1631.05, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-1631.05.