District of Columbia Statutes
§ 31-4721 — Acceptance and recordation of premiums on industrial life or sick-benefit policies.
District of Columbia § 31-4721
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 47Provisions Relating to All Life Insurance Companies.
This text of District of Columbia § 31-4721 (Acceptance and recordation of premiums on industrial life or sick-benefit policies.) 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 § 31-4721 (2026).
Text
(a)No industrial insurance company or agent thereof shall accept any money in payment of premiums which are in arrears on any industrial life or industrial sick-benefit insurance policy which has lapsed and which the insured seeks to reinstate, unless such payment shall amount at least to the total of all premiums in arrears or unless such payment shall, under the regulations of the company, make the policy immediately eligible for reinstatement, subject only to evidence of insurability.
(b)Every current premium shall be correctly recorded by the agent or by the company in the premium receipt book of the insured at the time the premium is paid.
(c)Every advance premium paid by an industrial life or industrial sick-benefit policyholder shall be recorded in the receipt book of the insur
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Legislative History
June 19, 1934, ch. 672, ch. V, § 21; May 4, 1950, 64 Stat. 104, ch. 157, § 7
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 § 31-4721, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-4721.