District of Columbia § 31-4727 Applicability of §§ 31-4725 through 31-4730.

District of Columbia Statutes

§ 31-4727 — Applicability of §§ 31-4725 through 31-4730.

District of Columbia·Title 31 Insurance and Securities.·Ch. 47 Provisions Relating to All Life Insurance Companies.

(a)Except as provided in subsection (b) of this section, §§ 31-4725 through 31-4730 shall apply to all policies used in the District of Columbia.

(b)Sections 31-4725 through 31-4730 shall not apply to the following:

(1)A policy which is a security under federal legislative jurisdiction.

(A)Except as provided in subparagraph (B) of this paragraph, a group policy covering 1,000 or more lines when issued, other than a group credit life insurance policy or a group credit health insurance policy.

(B)No certificate issued pursuant to a group policy used in the District of Columbia may be exempt.

(3)A group annuity contract which finances pension, profit-sharing, or deferred compensation plans.

(4)A form used in connection with a contractual provision for a policy on a

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(a) Except as provided in subsection (b) of this section, §§ 31-4725 through 31-4730 shall apply to all policies used in the District of Columbia.

(b) Sections 31-4725 through 31-4730 shall not apply to the following:

(1) A policy which is a security under federal legislative jurisdiction.

(A) Except as provided in subparagraph (B) of this paragraph, a group policy covering 1,000 or more lines when issued, other than a group credit life insurance policy or a group credit health insurance policy.

(B) No certificate issued pursuant to a group policy used in the District of Columbia may be exempt.

(3) A group annuity contract which finances pension, profit-sharing, or deferred compensation plans.

(4) A form used in connection with a contractual provision for a policy on a form permitted to be issued before the approval dates in § 31-4730 for similar forms.

(5) The renewal of a policy used before the approval dates in § 31-4730 for similar forms.

District of Columbia § 31-4727 (Applicability of §§ 31-4725 through 31-4730.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.