(a) A title insurer may satisfy its obligation to file premium rates, rating manuals, and forms as required by this chapter if:
(1) It becomes a member of, or a subscriber to, a rate service organization, organized and licensed under the provisions of acts relating to insurance which are codified in this title;
(2) The rate service organization makes the filings; and
(3) It authorizes the Commissioner in writing to accept the filings on the title insurer’s behalf.
(b) This chapter shall not:
(1) Require any title insurer to become a member of, or a subscriber to, any rate service organization; and
(2) Prohibit the filing of deviations from rate service organization filings by any member or subscriber.
(Sept. 24, 2010, D.C. Law 18-223, § 2160, 57 DCR 6242.)
For temporary (90 day) addition, see § 2160 of Fiscal Year 2011 Budget Support Emergency Act of 2010 (D.C. Act 18-463, July 2, 2010, 57 DCR 6542).
Structure District of Columbia Code
Title 31 - Insurance and Securities
Chapter 50A - Title Insurance Insurers
§ 31–5031.02. Licensing needed to transact business
§ 31–5031.03. Authorized activities of title insurers
§ 31–5031.04. Limitations on powers
§ 31–5031.05. Minimum capital and surplus requirements
§ 31–5031.06. Single risk limit
§ 31–5031.07. Admitted asset standards
§ 31–5031.09. Liquidation, dissolution, or insolvency
§ 31–5031.10. Restrictions on dividends
§ 31–5031.11. Diversification requirement
§ 31–5031.12. Direct operations and policyholder treatment
§ 31–5031.13. Duties of title insurers utilizing the services of title insurance producers
§ 31–5031.14. Conditions for maintaining escrow and indemnity deposit accounts
§ 31–5031.15. Prohibition of rebate and fee splitting
§ 31–5031.16. Favored producer of title insurer; buyer’s right to choose
§ 31–5031.17. Premium rate filings and standards
§ 31–5031.19. Filing by rating bureaus
§ 31–5031.20. Record retention requirements
§ 31–5031.21. Penalties and liabilities
§ 31–5031.22. Violations of Real Estate Settlement Procedures Act (“RESPA”)