District of Columbia § 31-5408 Duties and powers of the Mayor.

District of Columbia Statutes

§ 31-5408 — Duties and powers of the Mayor.

District of Columbia § 31-5408

Title 31Insurance and Securities.

Ch. 54Life and Health Insurance Guaranty Association.

This text of District of Columbia § 31-5408 (Duties and powers of the Mayor.) 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 § 31-5408 (2026).

Text

(a)In addition to the duties and powers enumerated elsewhere in this chapter, the Mayor shall:

(1)Upon request of the Board of Directors, provide the Association with a statement of the premiums in the District of Columbia and any other appropriate states for each member insurer; and

(2)When an impairment is declared and the amount of the impairment is determined, serve a demand upon the impaired insurer to make good the impairment within a reasonable time. Notice to the impaired insurer to comply promptly with such a demand shall not excuse the Association from the performance of its powers and duties under this chapter.

(b)In addition to the duties and powers enumerated elsewhere in this chapter, the Mayor may:

(1)Suspend or revoke, after notice and hearing, the certificat

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(a) In addition to the duties and powers enumerated elsewhere in this chapter, the Mayor shall:

(1) Upon request of the Board of Directors, provide the Association with a statement of the premiums in the District of Columbia and any other appropriate states for each member insurer; and

(2) When an impairment is declared and the amount of the impairment is determined, serve a demand upon the impaired insurer to make good the impairment within a reasonable time. Notice to the impaired insurer to comply promptly with such a demand shall not excuse the Association from the performance of its powers and duties under this chapter.

(b) In addition to the duties and powers enumerated elsewhere in this chapter, the Mayor may:

(1) Suspend or revoke, after notice and hearing, the certificate of authority to transact insurance in the District of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation; or

(2) Levy a forfeiture on any member insurer that fails to pay an assessment when due; provided, that the forfeiture shall not exceed 5% of the unpaid assessment per month, and no forfeiture shall be less than $100 per month.

(c) A final action of the board of directors or the Association may be appealed to the Mayor by a member insurer if the appeal is taken within 60 days of its receipt of notice of the final action being appealed. A final action or order of the Mayor shall be subject to judicial review in a court of competent jurisdiction in accordance with District laws that apply to the actions or orders of the Mayor.

(d) The liquidator, rehabilitator, or conservator of an impaired or insolvent insurer may notify all interested persons of the effect of this chapter.