Section 6-B2219. ANNUAL ACCOUNTING REPORTS FOR DCEGLI

 

2219.1For the purpose of this section, the following term has the meaning ascribed:

 

Risk charges - an insurance charge to compensate the insurer for its risk under the contract.

 

2219.2Each contract entered into under Section 2218 of this chapter shall require the company to do all of the following:

 

(a)Furnish reasonable reports to the District as determined by the Director of the DCHR, to be necessary to enable the District to carry out its functions under this chapter;

 

(b)Authorize the Director of the DCHR to examine records of the company as may be necessary to carry out the purposes of this chapter; and

 

(c) Provide an accounting to the Director of the DCHR not later than ninety

(90) days after the end of each policy year. The accounting shall set forth all of the following in a form approved by the Director of the DCHR: 

 

(1)The amounts of premiums actually accrued under the policy from the end of the policy period;

 

(2)The total of all mortality and other claim charges incurred for that period; and

 

(3)The amounts of the company's expenses and risk charges incurred for that period.

 

 

authority

Mayor’s Order 2008-92, dated June 26, 2008, and in accordance with the provisions of Chapter XXII of the District of Columbia Government Comprehensive Merit Personnel Act of 1978 (CMPA), effective March 3, 1979 (D.C. Law 2-139; D.C. Official Code § 1-622.01 et seq. (2012 Supp.)).

source

Final Rulemaking published at 41 DCR 3328 (June 10, 1994); as amended by Final Rulemaking published at 60 DCR 11218 (August 2, 2013).