District of Columbia Code Division V. Local Business Affairs § 31-3931.15. Revocation, suspension, or fine.

(1) Has failed or refused to comply with any provision or requirement of this chapter;

(2) Is impaired in capital or surplus;

(3) Is insolvent;

(4) Is determined, pursuant to Chapter 21 of this title, to be in such condition that further transaction of business by the company will be hazardous to its policyholders, creditors, or the general public;

(5) Has failed or refused to submit any report or statement required by law or order of the Commissioner;

(6) Has failed or refused to comply with any provision of its charter or bylaws;

(6A) Has violated Chapter 22A of this title; provided, that this paragraph shall apply only to District-domiciled risk retention groups licensed as captive insurers;

(7) Has used any method in transacting insurance business pursuant to this chapter which would be detrimental to the operation of the captive insurer, including, if applicable, a protected cell, or would make its condition unsound with respect to its policyholders or the general public; or

(8) Has failed otherwise to comply with the laws of the District or any jurisdiction.