District of Columbia Statutes
§ 31-5403 — Creation of the Association.
District of Columbia § 31-5403
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 54Life and Health Insurance Guaranty Association.
This text of District of Columbia § 31-5403 (Creation of the Association.) 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 § 31-5403 (2026).
Text
(1)There is created a nonprofit legal entity to be known as the District of Columbia Life and Health Insurance Guaranty Association.
(2)All member insurers shall be and shall continually remain members of the Association as a condition of their authority to transact insurance business in the District of Columbia.
(3)The Association shall perform its functions under the plan of operation established and approved under § 31-5407 and shall exercise its powers through a board of directors established under § 31-5404 .
(4)For purposes of administration and assessment the Association shall maintain 2 accounts:
(A)The life insurance and annuity account which shall include the following subaccounts:
(i)Life insurance account; and
(ii)Annuity account; and
(
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Legislative History
July 22, 1992, D.C. Law 9-129, § 4, 39 DCR 4036
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 § 31-5403, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-5403.