D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 26. INSURANCE, SECURITIES, AND BANKING |
SubTilte 26-A. INSURANCE |
Chapter 26-A17. MOTOR VEHICLE INSURANCE: ADMINISTRATION FUND BUREAU AND ADMINISTRATION FUND |
Section 26-A1709. FAILURE TO PAY SHARE OF ASSESSMENT
Latest version.
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1709.1In the event that any member fails, by reason of insolvency or otherwise, to pay its proportionate share of any expense or of any loss incurred by the Bureau under the program, the unpaid loss or expense shall be paid by the remaining members, each contributing on a pro rata basis, deleting therefrom the proportionate share of the defaulting member.
source
Final Rulemaking published at 35 DCR 7649(October 21, 1988).