District of Columbia Statutes
§ 31-405 — Audit committee.
District of Columbia § 31-405
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 4Business Transacted with Producer Controlled Insurer.
This text of District of Columbia § 31-405 (Audit committee.) 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 § 31-405 (2026).
Text
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.Cite This Page — Counsel Stack
Bluebook (online)
District of Columbia § 31-405, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-405.