D.C. Municipal Regulations (Last Updated: September 13, 2017) |
Title 26. INSURANCE, SECURITIES, AND BANKING |
SubTilte 26-B. SECURITIES |
Chapter 26-B3. RULES OF PRACTICE AND PROCEDURES FOR HEARINGS |
Section 26-B399. DEFINITIONS
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399.1When used in this chapter, the following words and terms shall have the meanings ascribed:
Commissioner - means the Commissioner of the Department of Insurance, Securities and Banking or designated hearing officer.
District - means the District of Columbia.
Party - means the Mayor and any person or agency named or admitted as a party, in any proceeding before the Mayor or an agency, but nothing herein shall be construed to prevent the Mayor or an agency from admitting or an agency from admitting the Mayor or any person or agency as a party for limited purposes.
Person - means any natural or artificial person, including but not limited to, individuals, partnerships, associations, trusts, or corporations.
Respondent - means a person against whom an adverse action is contemplated, proposed, or taken.
Notice of Intent - means a charging document issued by the Commissioner that alleges facts that constitute a violation of, or a failure to comply with, the law by the respondent and that directs the respondent to file an answer in response to the alleged facts.
Summary Cease and Desist Order - means an order issued by the Commissioner that alleges facts that constitute a violation of, or failure to comply with, the law by the respondent and that directs the respondent immediately to take actions or refrain from certain actions. Summary cease and desist orders include, inter alia,
(a)A stop order issued by the Commissioner;
(b)A summary postponement or suspension; and
(c)A summary denial or revocation.