District Of Columbia § 31-5403 - Creation of the Association.
Full text of District Of Columbia D.C. Code § 31-5403 — Creation of the Association., with citation guidance and answers to common questions.
§ 31-5403. Creation of the Association.
31-5403There is created a nonprofit legal entity to be known as the District of Columbia Life and Health Insurance Guaranty Association.
All member insurers shall be and shall continually remain members of the Association as a condition of their authority to transact insurance business in the District of Columbia.
The Association shall perform its functions under the plan of operation established and approved under and shall exercise its powers through a board of directors established under .
For purposes of administration and assessment the Association shall maintain 2 accounts:
The life insurance and annuity account which shall include the following subaccounts:
Life insurance account; and
Annuity account; and
The health insurance account.
The Association shall come under the immediate supervision of the Mayor and shall be subject to the applicable provisions of the insurance laws of the District of Columbia.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-5403
What does D.C. Code § 31-5403 cover?
Section 31-5403 ("Creation of the Association.") 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 § 31-5403?
A common citation format is "D.C. Code § 31-5403" (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 § 31-5403 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.