District of Columbia § 31-5503 Creation of the Association.

District of Columbia Statutes

§ 31-5503 — Creation of the Association.

District of Columbia § 31-5503

Title 31Insurance and Securities.

Ch. 55Property and Liability Insurance Guaranty Association.

This text of District of Columbia § 31-5503 (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 § 31-5503 (2026).

Text

There is created a nonprofit unincorporated legal entity to be known as the District of Columbia Insurance Guaranty Association. All insurers defined as member insurers in § 31-5501(9) shall be and remain members of the Association as a condition of their authority to transact insurance in the District. The Association shall perform its functions under a plan of operation established and approved under § 31-5506 and shall exercise its powers through a board of directors established under § 31-5504 . For purposes of administration and assessment, the Association shall be divided into 3 separate accounts:

(1)The workmen’s compensation insurance account;

(2)The automobile insurance account; and

(3)The account for all other insurance to which this chapter applies.

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There is created a nonprofit unincorporated legal entity to be known as the District of Columbia Insurance Guaranty Association. All insurers defined as member insurers in § 31-5501(9) shall be and remain members of the Association as a condition of their authority to transact insurance in the District. The Association shall perform its functions under a plan of operation established and approved under § 31-5506 and shall exercise its powers through a board of directors established under § 31-5504 . For purposes of administration and assessment, the Association shall be divided into 3 separate accounts:

(1) The workmen’s compensation insurance account;

(2) The automobile insurance account; and

(3) The account for all other insurance to which this chapter applies.