District Of Columbia § 31-1307 - Condition on release from delinquency proceedings; conditions on operations during proceedings.
Full text of District Of Columbia D.C. Code § 31-1307 — Condition on release from delinquency proceedings; conditions on operations during proceedings., with citation guidance and answers to common questions.
§ 31-1307. Condition on release from delinquency proceedings; conditions on operations during proceedings.
31-1307No insurer that is subject to any delinquency proceedings, whether formal or informal (administrative or judicial), shall:
Be released from the proceeding, unless the proceeding is converted into a judicial rehabilitation or liquidation proceeding;
Be permitted to solicit or accept new business, or request or accept the restoration of any suspended or revoked license or certificate of authority;
Be returned to the control of its shareholders or private management; or
Have any of its assets returned to the control of its shareholders or private management until all payments of or on account of the insurer’s contractual obligations by all guaranty associations, along with all expenses and interest on all payments and expenses, shall have been repaid to the guaranty associations or a plan of repayment by the insurer shall have been approved by the guaranty association.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-1307
What does D.C. Code § 31-1307 cover?
Section 31-1307 ("Condition on release from delinquency proceedings; conditions on operations during proceedings.") 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 § 31-1307?
A common citation format is "D.C. Code § 31-1307" (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 § 31-1307 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.