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District of Columbia Code Division V. Local Business Affairs § 31-4727. Applicability of §§ 31-4725 through 31-4730.

Current as of January 01, 2024 | Updated by FindLaw Staff

(a) Except as provided in subsection (b) of this section, §§ 31-4725 through 31-4730 shall apply to all policies used in the District of Columbia.

(b) Sections 31-4725 through 31-4730 shall not apply to the following:

(1) A policy which is a security under federal legislative jurisdiction.

(2)(A) Except as provided in subparagraph (B) of this paragraph, a group policy covering 1,000 or more lines when issued, other than a group credit life insurance policy or a group credit health insurance policy.

(B) No certificate issued pursuant to a group policy used in the District of Columbia may be exempt.

(3) A group annuity contract which finances pension, profit-sharing, or deferred compensation plans.

(4) A form used in connection with a contractual provision for a policy on a form permitted to be issued before the approval dates in § 31-4730 for similar forms.

(5) The renewal of a policy used before the approval dates in § 31-4730 for similar forms.

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Cite this article: FindLaw.com - District of Columbia Code Division V. Local Business Affairs § 31-4727. Applicability of §§ 31-4725 through 31-4730. - last updated January 01, 2024 | https://codes.findlaw.com/dc/division-v-local-business-affairs/dc-code-sect-31-4727/

Read this complete District of Columbia Code Division V. Local Business Affairs § 31-4727. Applicability of §§ 31-4725 through 31-4730. on Westlaw

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