District Of Columbia § 31-4102 - Risk retention groups chartered in the District.
Full text of District Of Columbia D.C. Code § 31-4102 — Risk retention groups chartered in the District., with citation guidance and answers to common questions.
§ 31-4102. Risk retention groups chartered in the District.
31-4102A risk retention group shall be chartered as an association captive insurer licensed pursuant to , and licensed to write only liability insurance pursuant to this chapter, and shall comply with all of the laws, rules, and regulations, and requirements applicable to captive insurers chartered and licensed in the District and with , to the extent the requirements are not a limitation on laws, rules, regulations, or requirements of the District.
All risk retention groups chartered in the District shall file with the Mayor and the NAIC annual and quarterly statements in a form prescribed by the NAIC and in any other form required by the Mayor.
Any license issued pursuant to this section shall be issued as a Financial Services endorsement to a basic business license under the basic business license system as set forth in .
Before it may offer insurance in any state, each risk retention group shall also submit to the Mayor a plan of operation or feasibility study. The risk retention group shall submit an appropriate revision in the event of any subsequent material change in any item of the plan of operation or feasibility study, within 10 days of any change. The group shall not offer any additional kinds of liability insurance, in the District or in any other state, until a revision of the plan or study is approved by the Commissioner.
At the time of filing its application for a charter, the risk retention group shall provide to the Commissioner, in summary form, the following information:
The identity of the initial members of the group;
The identity of those individuals who organized the group or who will provide administrative services or otherwise influence or control the activities of the group;
The amount and nature of initial capitalization;
The coverages to be afforded; and
The states in which the group intends to operate.
Upon receipt of this information, the Mayor shall forward the information to the NAIC. Providing notification to the NAIC is in addition to and shall not be sufficient to satisfy the requirements of or any other sections of this chapter.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-4102
What does D.C. Code § 31-4102 cover?
Section 31-4102 ("Risk retention groups chartered in the District.") 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 § 31-4102?
A common citation format is "D.C. Code § 31-4102" (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 § 31-4102 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.