District of Columbia Code
Chapter 22A - Unfair Insurance Trade Practices
§ 31–2231.14. Interlocking ownerships, management

(a) An insurer may retain, invest in, or acquire the whole or any part of the capital stock of any other insurer, or have a common management with another insurer, unless the retention, investment, acquisition, or common management is inconsistent with another provision of law, or, by reason thereof, the business of the insurers with the public is conducted in a manner which substantially lessens competition generally in the insurance business or tends to create a monopoly.
(b) A person otherwise qualified may be a director of 2 or more insurers which are competitors unless the effect is to lessen substantially competition between insurers generally or tends materially to create a monopoly.
(Apr. 3, 2001, D.C. Law 13-265, § 114, 48 DCR 1225.)

Structure District of Columbia Code

District of Columbia Code

Title 31 - Insurance and Securities

Chapter 22A - Unfair Insurance Trade Practices

§ 31–2231.01. Definitions

§ 31–2231.02. General prohibition

§ 31–2231.03. Misrepresentations and false advertising of insurance policies

§ 31–2231.04. False information and advertising generally

§ 31–2231.05. Defamation

§ 31–2231.06. Boycott, coercion, and intimidation

§ 31–2231.07. Illegal dealing in premiums; excess charges for insurance

§ 31–2231.08. False statements and entries

§ 31–2231.09. Stock operations and advisory board contracts

§ 31–2231.10. Failure to maintain marketing and performance records

§ 31–2231.11. Unfair discrimination

§ 31–2231.12. Rebates: life, health, and annuities

§ 31–2231.13. Unfair discrimination and rebates prohibited; property, casualty, and surety insurance

§ 31–2231.14. Interlocking ownerships, management

§ 31–2231.15. Unfair financial planning practices; an insurance agent or broker

§ 31–2231.16. Failure to provide claims history

§ 31–2231.17. Unfair claim settlement practices

§ 31–2231.18. Failure to maintain complaint handling procedures

§ 31–2231.19. Misrepresentation in insurance application

§ 31–2231.20. Favored agent or insurer; coercion of debtors

§ 31–2231.20a. Prohibition on offsetting short-term disability benefits

§ 31–2231.21. “Twisting” prohibited

§ 31–2231.22. Powers of the Commissioner; cease and desist orders

§ 31–2231.23. Hearings

§ 31–2231.24. Judicial review

§ 31–2231.25. Regulations