District of Columbia Statutes
§ 31-5504 — Board of directors.
District of Columbia § 31-5504
JurisdictionDistrict of Columbia
Title 31Insurance and Securities.
Ch. 55Property and Liability Insurance Guaranty Association.
This text of District of Columbia § 31-5504 (Board of directors.) 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 § 31-5504 (2026).
Text
(a)The board of directors of the Association shall consist of not fewer than 5 nor more than 9 persons serving terms as established in the plan of operation. The members of the board shall be selected by member insurers subject to the approval of the Mayor. Vacancies on the board shall be filled for the remainder of the term by a majority vote of the remaining board members subject to the approval of the Mayor. If no members are selected within 60 days after October 21, 1993, the Mayor may appoint the initial members of the board of directors.
(b)In approving selections to the board of directors, the Mayor shall consider, among other things, whether all member insurers are fairly represented.
(c)Members of the board of directors may be reimbursed from the assets of the Association for
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Oct. 21, 1993, D.C. Law 10-51, § 5, 40 DCR 6120
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 § 31-5504, Counsel Stack Legal Research, https://law.counselstack.com/statute/dc/31-5504.