District Of Columbia § 31-2701 - Definitions.
Full text of District Of Columbia D.C. Code § 31-2701 — Definitions., with citation guidance and answers to common questions.
§ 31-2701. Definitions.
31-2701In this chapter, unless the context otherwise requires:
“District” means the District of Columbia.
“Commissioner” means the Commissioner of the Department of Insurance, Securities, and Banking.
“Insurance” includes (but is not limited to) fidelity, surety, and guaranty bonds.
“Company” means any insurer, whether stock, mutual, reciprocal, interinsurer, Lloyd’s, or any other form or group of insurers.
“Policy” means an insurance policy or contract as defined by .
“Agent” means and shall include any individual, copartnership, or corporation acting in the capacity of or licensed as a “policy-writing agent,” “soliciting agent,” or “salaried company employee” as defined by .
“Exempt commercial risk” means a person or entity which meets one of the following criteria:
Retains or employs a certified or qualified risk manager to negotiate insurance coverage;
Possesses a net worth in excess of $2 million;
Generates annual revenues in excess of $2 million;
Has at least 10 employees;
Pays annual aggregate country-wide standard insurance premiums in excess of $10,000;
Has total insured property value of at least $2 million; or
Is a nonprofit organization or public body generating annual budgeted expenditures of at least $5 million.
“Medical malpractice insurer” means an insurer licensed to underwrite medical malpractice insurance.
Annotations
Section 3 of provided: “Section 2 shall apply as of May 15, 2001.”
Department of Insurance abolished: The Department of Insurance, including the Superintendent, was abolished and the functions thereof transferred to the Board of Commissioners of the District of Columbia by Reorganization Plan No. 5 of 1952. Reorganization Order No. 43, dated June 23, 1953, as amended, established, under the direction and control of a Commissioner, a Department of Insurance headed by a Superintendent. The Order provided for the organization of the Department, abolished the previously existing Department of Insurance, and provided that all functions and positions of the previous Department would be transferred to the new Department of Insurance, including the duties, powers, and authorities of all officers and employees; and that all personnel, property, records and unexpended balances relating to the functions and positions transferred would also be transferred to the new Department. The executive functions of the Board of Commissioners were transferred to the Commissioner of the District of Columbia by § 401 of Reorganization Plan No. 3 of 1967. The functions of the Superintendent of Insurance were transferred to the Department of Consumer and Regulatory Affairs by Reorganization Plan No. 1 of 1983, effective March 31, 1983. Pursuant to the provisions of , the Department of Insurance and Securities Regulation was established and the duties of the Superintendent of Insurance and the Insurance Administration were assumed by the Commissioner of Insurance and Securities and the Insurance Administration in the Department of Consumer and Regulatory Affairs was abolished.
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-2701
What does D.C. Code § 31-2701 cover?
Section 31-2701 ("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 § 31-2701?
A common citation format is "D.C. Code § 31-2701" (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 § 31-2701 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
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