District of Columbia Statutes
§ 31-3931.16 — Insolvency.
District of Columbia § 31-3931.16
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 39ACaptive Insurance Companies (2004).
Subch. IGeneral.
This text of District of Columbia § 31-3931.16 (Insolvency.) 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 § 31-3931.16 (2026).
Text
(a)A captive insurer shall not join or contribute financially to any risk-sharing plan, risk pool, or insurance insolvency guaranty fund in the District. A captive insurer or its insured, its parent or an affiliated company, or any member organization of its association shall not receive any benefit from the plan, pool, or fund for claims arising out of the operations of the captive insurer.
(b)The terms and conditions set forth in Chapter 13 of this title [ § 31-1301 et seq.] (“1993 Act”), pertaining to insurer rehabilitation, insolvency, and receiverships shall apply in full to captive insurers licensed under this chapter and shall apply to the protected cells of a captive insurer on a cell basis. If there is a conflict between the provisions of this chapter and the 1993 Act, the prov
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Legislative History
Mar. 17, 2005, D.C. Law 15-262, § 17, 52 DCR 1205; Mar. 10, 2015, D.C. Law 20-203, § 2(k), 61 DCR 12572
Nearby Sections
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§ 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 § 31-3931.16, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-3931.16.