District of Columbia Statutes

§ 31-5513 — Recognition of assessments in rates.

District of Columbia·Title 31 Insurance and Securities.·Ch. 55 Property and Liability Insurance Guaranty Association.
The rates and premiums charged for insurance policies to which this chapter applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the Association by the member insurer less any amounts returned to the member insurer by the Association, and these rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.

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Legislative History

Oct. 21, 1993, D.C. Law 10-51, § 14, 40 DCR 6120

Nearby Sections

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