District of Columbia Statutes
§ 31-5101 — Short title; applicability of provisions.
District of Columbia·Title 31 Insurance and Securities.·Ch. 51 Credit Life, Accident, and Health Insurance.
(a)This chapter regulating credit life insurance and credit accident and health insurance in the District of Columbia may be cited as “The Act for the Regulation of Credit Life Insurance and Credit Accident and Health Insurance.”
(b)All life insurance and all accident and health insurance in connection with loans or other credit transactions of less than 5 years duration in the District of Columbia shall be subject to the provisions of this chapter. Such insurance written in connection with a loan or other credit transaction of 5 years duration or more shall not be subject to the provisions of this chapter, nor shall such insurance be subject to the provisions of this chapter if the issuance of the insurance is an isolated transaction on the part of the insurer not related to a plan or
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Legislative History
Sept. 25, 1962, 76 Stat. 580, Pub. L. 87-686, § 1; Apr. 3, 2001, D.C. Law 13-263, § 1411(b)(1), 48 DCR 991; May 7, 2002, D.C. Law 14-132, § 602(a)
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.