District Of Columbia § 31-5031.11 - Diversification requirement.
Full text of District Of Columbia D.C. Code § 31-5031.11 — Diversification requirement., with citation guidance and answers to common questions.
§ 31-5031.11. Diversification requirement.
31-5031.11Without the prior written approval of the Commissioner, a domestic title insurer shall not accept:
Additional business from a title insurance producer that is not an affiliated company with the insurer if, when added to other business written through the title insurance producer during the same calendar year, that producer’s aggregate premiums written on behalf of the title insurer will exceed 20% of the title insurer’s gross premiums written during the prior calendar year, as shown on the title insurer’s most recent annual statement on file with the Commissioner; or
Additional direct operations business from a single source if, when added to other direct operations business from the single source during the same calendar year, the aggregate premiums written on the direct operations business of the single source will exceed 20% of the title insurer’s gross premiums written during the prior calendar year as shown on the title insurers most recent annual statement on file with the Commissioner.
For purposes of this paragraph, the term “single source” means a person that refers business to the title insurer and any other person that controls, is controlled by, or is under common control with, that person.
In determining whether prior approval may be given, the Commissioner shall consider:
The potential that the acceptance of more business from the title insurance producer or source may adversely affect the financial solidity of the title insurer;
The availability of competing title agents or additional sources in the territories in which the title insurer accepts risks;
The number of years that the title insurer has been in business;
Reinsurance arrangements mitigating the concentration of business from the producer or source;
The comparative profitability of the producer’s or source’s book of business;
The degree of oversight of the producer’s operations exercised by the title insurer; and
Any other circumstances considered by the Commissioner to be appropriate.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-5031.11
What does D.C. Code § 31-5031.11 cover?
Section 31-5031.11 ("Diversification requirement.") 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 § 31-5031.11?
A common citation format is "D.C. Code § 31-5031.11" (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 § 31-5031.11 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.