District of Columbia Statutes
§ 31-4121.08 — Sanctions.
District of Columbia § 31-4121.08
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 41ARisk Management and Own Risk and Solvency Assessment.
This text of District of Columbia § 31-4121.08 (Sanctions.) 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 § 31-4121.08 (2026).
Text
An insurer failing without just cause, as defined by the Commissioner by rule, to timely file an ORSA Summary Report required by this chapter shall, after notice and a hearing conducted according to the rules for contested cases set forth in Chapter 38 of Title 26 of the District of Columbia Municipal Regulations, be subject to a penalty in an amount not to exceed $1,000 per day. The maximum penalty assessed under this section shall be $25,000. The Commissioner shall recover this penalty.
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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 § 31-4121.08, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-4121.08.