District of Columbia Code
Title 31 - Insurance and Securities
Chapter 39A - Captive Insurance Companies (2004)

Subchapter I - General

§ 31–3931.01. Definitions - For the purposes of this chapter, the term: (1) “Affiliated...

§ 31–3931.02. Authority to do business; prohibited activities - (a) A captive insurer may be organized and operated in...

§ 31–3931.03. Organizational requirements for transacting business; incorporation - (a) A captive insurer may be organized in the District...

§ 31–3931.04. Protected cell captive insurers - (a) For the purposes of this chapter, the term: (1)...

§ 31–3931.05. Liquidation and rehabilitation of protected cells - (a) If a protected cell captive insurer with one or...

§ 31–3931.06. Capital and surplus - (a)(1) In addition to any other capital required to be...

§ 31–3931.07. Investments - (a) A captive insurer shall file with the Commissioner a...

§ 31–3931.08. Reinsurance - (a) A captive insurer or protected cell may provide reinsurance...

§ 31–3931.09. Application requirements - (a) A captive insurer shall apply to the Commissioner for...

§ 31–3931.10. Name - A captive insurer shall not use or adopt a name...

§ 31–3931.11. Requirements for transacting business - (a) A captive insurer shall not transact business in the...

§ 31–3931.12. Tax on premiums collected - (a) Except as otherwise provided in this section, a captive...

§ 31–3931.13. Annual report - (a)(1) On or before March 2 of each year, a...

§ 31–3931.14. Financial examination - (a) The Commissioner, or his designee, may visit each captive...

§ 31–3931.15. Revocation, suspension, or fine - (a) The Commissioner may revoke or suspend the certificate of...

§ 31–3931.16. Insolvency - (a) A captive insurer shall not join or contribute financially...

§ 31–3931.17. Redomestication - (a) Any captive insurer which is licensed under laws of...

§ 31–3931.18. Rating organization - A captive insurer shall not be required to join a...

§ 31–3931.19. Captive insurance regulatory and supervision trust account - All fees, fines, penalties, and assessments received by the Commissioner...

§ 31–3931.20. Judicial review; mandamus - (a) Any captive insurer aggrieved by any act, determination, rule,...

§ 31–3931.21. Regulations - The Commissioner may issue rules and regulations relating to captive...

§ 31–3931.22. Applicable laws - (a) Except as otherwise expressly provided in this chapter, only...

§ 31–3931.23. Repeal and transition provisions - (a) Chapter 39 of this title is repealed, subject to...

Subchapter II - Special Purpose Financial Captive Insurance Companies

§ 31–3932.01. Purpose - This subchapter provides for the creation of special purpose financial...

§ 31–3932.02. Definitions - In addition to the terms defined in § 31-3931.01, for...

§ 31–3932.03. Application of subchapter I of this chapter - (a) Except as otherwise provided, §§ 31-3931.03, 31-3931.04, 31-3931.05, 31-3931.09,...

§ 31–3932.04. Application requirements - (a)(1) An SPFC shall apply to the Commissioner for a...

§ 31–3932.05. Capital and surplus - (a) In addition to any other capital required to be...

§ 31–3932.06. Securities of SPFCs - (a) An SPFC may issue securities, including surplus notes and...

§ 31–3932.07. Authorized contracts - (a) An SPFC shall insure only the risks of a...

§ 31–3932.08. Trust arrangements - (a) Assets of the SPFC that are pledged to secure...

§ 31–3932.09. Dividends and distributions - (a) Dividends may be declared by the management of an...

§ 31–3932.10. Confidentiality of examination reports; disclosure of information - (a) Except as provided in this section, all examination reports,...

§ 31–3932.11. Reinsurance - An SPFC contract which complies with this subchapter shall be...

§ 31–3932.12. Liquidation and rehabilitation - (a)(1) Notwithstanding the provisions of Chapter 13 of this title,...

§ 31–3932.13. Discount on reserves; report on reserves - (a) An SPFC may discount its reserves at discount rates...

§ 31–3932.14. Standards and criteria applicable in a contested case brought by a third party and certain actions by the Commissioner - (a) A contested case brought by a third party based...

§ 31–3932.15. Rulemaking - The Commissioner may promulgate rules necessary to effectuate the purposes...