District Of Columbia § 31-3931.15 - Revocation, suspension, or fine.
Full text of District Of Columbia D.C. Code § 31-3931.15 — Revocation, suspension, or fine., with citation guidance and answers to common questions.
§ 31-3931.15. Revocation, suspension, or fine.
31-3931.15The Commissioner may revoke or suspend the certificate of authority to transact insurance business in the District of a captive insurer, including, if applicable, a protected cell, which:
Has failed or refused to comply with any provision or requirement of this chapter;
Is impaired in capital or surplus;
Is insolvent;
Is determined, pursuant to , to be in such condition that further transaction of business by the company will be hazardous to its policyholders, creditors, or the general public;
Has failed or refused to submit any report or statement required by law or order of the Commissioner;
Has failed or refused to comply with any provision of its charter or bylaws;
Has violated [ et seq.]; provided, that this paragraph shall apply only to District-domiciled risk retention groups licensed as captive insurers;
Has used any method in transacting insurance business pursuant to this chapter which would be detrimental to the operation of the captive insurer or would make its condition unsound with respect to its policyholders or the general public; or
Has failed otherwise to comply with the laws of the District or any jurisdiction.
The Commissioner may also impose a fine not to exceed $5,000 for each violation by a captive insurer, including, if applicable, a protected cell, of any of the provisions found in subsection (a) of this section.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-3931.15
What does D.C. Code § 31-3931.15 cover?
Section 31-3931.15 ("Revocation, suspension, or fine.") 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 § 31-3931.15?
A common citation format is "D.C. Code § 31-3931.15" (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 § 31-3931.15 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.