District Of Columbia § 31-2001 - Definitions.
Full text of District Of Columbia D.C. Code § 31-2001 — Definitions., with citation guidance and answers to common questions.
§ 31-2001. Definitions.
31-2001For the purposes of this chapter, the term:
“Adjusted RBC Report” means an RBC report that has been adjusted by the Commissioner in accordance with .
“Commissioner” means the Commissioner of the Department of Insurance, Securities, and Banking.
“Corrective order” means an order issued by the Commissioner specifying corrective actions which the Commissioner has determined are required.
“District” means the District of Columbia.
“Domestic insurer” means any insurance company domiciled in the District.
“Foreign insurer” means any insurance company which is licensed to do business in the District, but is not domiciled in the District.
“Life or health insurer” means any insurance company licensed to underwrite life or health insurance, or a licensed property and casualty insurer writing only accident and health insurance.
“NAIC” means the National Association of Insurance Commissioners.
“Negative trend” means, with respect to a life or health insurer, negative trend over a period of time, as determined in accordance with the “Trend Test Calculation” included in the RBC Instructions.
“Property and casualty insurer” means any insurance company licensed to underwrite property and casualty insurance, but does not include monoline mortgage guaranty insurers, financial guaranty insurers, and title insurers.
“RBC” means risk-based capital.
“RBC Instructions” means the RBC Report including risk-based capital instructions adopted by the NAIC, as such RBC Instructions may be amended by the NAIC from time to time in accordance with the procedures adopted by the NAIC.
“RBC Level” means an insurer’s Company Action Level RBC, Regulatory Action Level RBC, Authorized Control Level RBC, or Mandatory Control Level RBC where:
“Company Action Level RBC” means, with respect to any insurer, the product of 2.0 and its Authorized Control Level RBC;
“Regulatory Action Level RBC” means the product of 1.5 and its Authorized Control Level RBC;
“Authorized Control Level RBC” means the number determined under the risk-based capital formula in accordance with the RBC Instructions; and
“Mandatory Control Level RBC” means the product of .70 and the Authorized Control Level RBC.
“RBC Plan” means a comprehensive financial plan containing the elements specified in . If the Commissioner rejects the RBC Plan, and it is revised by the insurer, with or without the Commissioner’s recommendation, the plan shall be called the “Revised RBC Plan”.
“RBC Report” means the report required in .
“Total adjusted capital” means the sum of:
An insurer’s statutory capital and surplus; and
Such other items, if any, as the RBC Instructions may provide.
“State” means any of the several states, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, and the Commonwealth of Northern Mariana Islands.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-2001
What does D.C. Code § 31-2001 cover?
Section 31-2001 ("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 § 31-2001?
A common citation format is "D.C. Code § 31-2001" (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 § 31-2001 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.