District of Columbia Statutes
§ 31-405 — Audit committee.
District of Columbia·Title 31 Insurance and Securities.·Ch. 4 Business Transacted with Producer Controlled Insurer.
Every controlled insurer shall have an audit committee of the board of directors composed of independent directors. The audit committee shall annually meet with management, the insurer’s independent certified public accountants, and an independent casualty actuary, or other independent loss reserve specialist acceptable to the Mayor, to review the adequacy of the insurer’s loss reserves.
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Related
In re D.M.C.
503 A.2d 1280 (District of Columbia Court of Appeals, 1986)
Legislative History
Oct. 21, 1993, D.C. Law 10-52, § 6, 40 DCR 6129
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.