District Of Columbia § 31-1501 - Definitions.
Full text of District Of Columbia D.C. Code § 31-1501 — Definitions., with citation guidance and answers to common questions.
§ 31-1501. Definitions.
31-1501For the purposes of this chapter, the term:
“Actuary” means a person who is a member in good standing of the American Academy of Actuaries.
“District” means the District of Columbia.
“Insurer” means any person, firm, association, or corporation duly licensed in the District as an insurance company pursuant to §§ and .
“Managing general agent” means any person, firm, association, or corporation who:
Negotiates and binds ceding reinsurance contracts on behalf of an insurer; or
Manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office; and
Acts as an agent for such an insurer whether known as a managing general agent, manager, or other similar term, who, with or without the authority, either separately or together with affiliates, produces, directly or indirectly, and underwrites an amount of gross direct written premiums equal to or more than 5% of the policyholder surplus as reported in the last annual statement of the insurer in any one quarter or year, and, in addition, adjusts or pays claims in excess of an amount determined by the Mayor, or negotiates reinsurance on behalf of the insurer.
Notwithstanding the above definition, the term “managing general agent” shall not apply to the following persons for the purposes of this chapter:
An employee of the insurer;
A United States manager of the United States branch of an alien insurer;
An underwriting manager who, pursuant to contract, manages all or part of the insurance operations of the insurer, is under common control with the insurer, subject to , or its predecessor, and whose compensation is not based on the volume of premiums written; or
The attorney-in-fact authorized by and acting for the subscribers of a reciprocal insurer or inter-insurance exchange under powers of attorney.
“Producers” means an insurance broker or brokers or any other person, firm, association, or corporation, when for any compensation, commission or other thing of value, such person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of any insurance contract on behalf of an insured other than the person, firm, association, or corporation.
“Underwrite” means the authority to accept or reject risks on behalf of the insurer.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-1501
What does D.C. Code § 31-1501 cover?
Section 31-1501 ("Definitions.") 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 § 31-1501?
A common citation format is "D.C. Code § 31-1501" (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 § 31-1501 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.