Section 26-A5200. PURPOSE

5200.1The purpose of this regulation is to set forth standards to protect active duty service members of the United States Armed Forces from dishonest and predatory insurance sales practices by declaring certain identified practices to be false, misleading, deceptive or unfair.

 

5200.2 Nothing herein shall be construed to create or imply a private cause of action for a violation of this regulation.

authority

The Commissioner of the Department of the Department of Insurance, Securities and Banking, pursuant to the authority set forth under sections 102(9), 103(1), and 125 of the Insurance Trade and Economic Development Amendment Act of 2000, effective April 3, 2001 (D.C. Law 13-265; D.C. Official Code §§ 31-2231.01(9), 31-2231.03(1), and 31-2231.25 (2001) and in accordance with section 6 of the District of Columbia Administrative Procedure Act, effective October 21, 1968 (82 Stat. 1206, Pub. L. 90-614, D.C. Official Code § 2-505(a)(2001).

source

Notice of Final Rulemaking published at 54 DCR 11702, 11703 (December 7, 2007).