(a) The Mayor shall promulgate regulations establishing the oversight role and fiduciary obligation of each member of the board of directors or trustees of a corporation issued a certificate of authority under this chapter. Such regulations shall require the corporation to adopt a code of conduct and compliance program for all board members, officers and employees of the corporation.
(b) A corporation issued a certificate of authority under this chapter shall file with the Mayor annually, on or before June 1, a copy of its bylaws which shall require the corporation’s board of directors or trustees to adopt policies consistent with the provisions of the code of conduct and compliance program regulations promulgated by the Mayor. Any amendments to the bylaws shall be filed with the Mayor by the corporation within 30 days of adoption by the board.
(Apr. 9, 1997, D.C. Law 11-245, § 21, 44 DCR 1158.)
1981 Ed., § 35-4720.
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 35 - Hospital and Medical Services Corporations Regulation
§ 31–3502. Exclusivity of provisions
§ 31–3503. Applicability of other provisions
§ 31–3504. Application for certificate of authority
§ 31–3505. Requirements for issuance of certificate of authority
§ 31–3505.01. Community health reinvestment
§ 31–3506. Surplus requirements
§ 31–3506.01. Compliance and implementation of community health reinvestment obligations
§ 31–3507. Filing of provider contracts
§ 31–3508. Filing of subscriber contract forms and rates
§ 31–3512. Group subscriber contract standard provisions
§ 31–3514. Open enrollment. [Repealed]
§ 31–3514.01. Tax and related payments
§ 31–3514.02. Establishment of Healthy DC and Health Care Expansion Fund
§ 31–3515. Conversion to a for-profit entity
§ 31–3516. Conversion to a mutual company
§ 31–3517. Management contracts and service agreements
§ 31–3518. Directors and trustees
§ 31–3519. Reports to directors and trustees
§ 31–3520. Oversight role and fiduciary obligation of directors, officers, and employees
§ 31–3521. Sanctions for violations
§ 31–3523. General transition provisions