Section 16-3701. DEPARTMENT OF INSURANCE, SECURITIES, AND BANKING INFRACTIONS

 

3701.1[RESERVED]

 

3701.2Violation of the following provision shall be a Class 2 infraction: Section 3 An Act To confer additional jurisdiction upon the Superintendent of Insurance for the District of Columbia to regulate domestic stock insurance companies and to exempt such companies from Section 12(g)(1) of the Securities Exchange Act of 1934, approved Apr. 18, 1966 (80 Stat. 123; D.C. Official Code § 31-603(i)) (failure to comply with a provision or rule concerning domestic stock insurance companies).

 

3701.3Violation of any provision of the following statutes or rules issued pursuant thereto, which provision or rule is not cited elsewhere in this section, shall be a Class 3 infraction:

 

(a)An Act to regulate marine insurance within the District of Columbia, approved Mar. 4, 1922 (42 Stat. 401; D.C. Official Code §§ 31-2602 et seq.); or

 

(b) The Fire and Casualty Act, approved Oct. 9, 1940 (54 Stat. 1063; D.C. Official Code §§ 31-2501 et seq.).

 

 

authority

Sections 104 and 105 of the Department of Consumer and Regulatory Affairs Civil Infraction Act of 1985, effective October 5, 1985 (D.C. Law 6-42; D.C. Official Code §§ 2-1801.04 and 2-1801.05 (2016 Repl.)), and Mayor’s Order 86-38, dated March 4, 1986.

source

Final Rulemaking published at 52 DCR 4903 (May 27, 2005).