District Of Columbia § 1-622.13 - Special contingency reserve.
Full text of District Of Columbia D.C. Code § 1-622.13 — Special contingency reserve., with citation guidance and answers to common questions.
§ 1-622.13. Special contingency reserve.
1-622.13An excess of the total of over the sum of and (a)(3) shall be held by the company issuing the policy as a special contingency reserve to be used by the company only for charges under the policy purchased under .
The special contingency reserve shall bear interest at a rate determined in advance of each policy period by the company from which the insurance was purchased under and approved by the Mayor as being consistent with the rates generally used by the company from which the insurance was purchased under for similar funds held under other group life insurance policies.
When the Mayor determines that the amount of the special contingency reserve is sufficient to provide for adverse fluctuations in future charges under the policy, any funds in excess of that amount may be used to increase benefits, to reduce premiums, or both, or may be deposited in the General Fund of the District.
When a policy purchased under is discontinued, any balance remaining in the special contingency reserve after all charges have been paid shall be deposited in the General Fund of the District.
When a policy purchased pursuant to is replaced by a successor policy, either by a new policy under a contract with the same life insurance company or by a policy under a new contract with another life insurance company, any balance remaining in the special contingency reserve shall be transferred to the special contingency reserve for the new policy.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 1-622.13
What does D.C. Code § 1-622.13 cover?
Section 1-622.13 ("Special contingency reserve.") is part of the D.C. Code, the codified statutory law of District Of Columbia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite District Of Columbia § 1-622.13?
A common citation format is "D.C. Code § 1-622.13" (District Of Columbia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of District Of Columbia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the District Of Columbia official source linked on this page or consult a licensed District Of Columbia attorney.
How does District Of Columbia § 1-622.13 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in District Of Columbia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in District Of Columbia.