District Of Columbia § 31-5510 - Prevention of insolvencies.
Full text of District Of Columbia D.C. Code § 31-5510 — Prevention of insolvencies., with citation guidance and answers to common questions.
§ 31-5510. Prevention of insolvencies.
31-5510To aid in the detection and prevention of insurer insolvencies:
The board of directors may, upon majority vote:
Make recommendations to the Mayor for the detection and prevention of insurer insolvencies; and
Respond to requests by the Mayor to discuss and make recommendations regarding the status of any member insurer whose financial condition may be hazardous to policyholders or the public. The recommendations shall not be considered public documents.
The board of directors may, at the conclusion of any domestic insurer insolvency in which the Association was obligated to pay covered claims, prepare a report on the history and causes of the insolvency, based on the information available to the Association, and submit the report to the Mayor.
Annotations
Source: official District Of Columbia text · Last verified 2026-08-27
Frequently Asked Questions About District Of Columbia § 31-5510
What does D.C. Code § 31-5510 cover?
Section 31-5510 ("Prevention of insolvencies.") 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 § 31-5510?
A common citation format is "D.C. Code § 31-5510" (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 § 31-5510 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.