§ 31–4406. Formation — Examination of company; revocation and reinstatement of company’s permit or agent’s authority.

DC Code § 31–4406 (2019) (N/A)

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The Commissioner shall personally, or through his Deputy and assistants, examine into the affairs of any such company in course of organization and inspect its books and papers, and may summon and examine under oath any officer or agent or any person who is or has been connected with or who has knowledge of the affairs of such company, and if he finds the company is violating the law, or if the company shall not be qualified for a certificate of authority within 2 years from date of its permit, he shall revoke its permit; and if he finds an agent of such company has violated the law, he shall revoke his authority, and he may for such agent’s violation revoke the company’s permit. Any revocation shall be after 20 days’ notice. The Commissioner may, on proper showing, reinstate any company’s permit or agent’s authority which he has revoked.

(June 19, 1934, 48 Stat. 1145, ch. 672, ch. III, § 6; May 21, 1997, D.C. Law 11-268, § 10(k), 44 DCR 1730.)

1981 Ed., § 35-606.

1973 Ed., § 35-506.

Hospital and medical services corporations, applicability of this section, see § 31-3503.

Department of Insurance abolished: See Historical and Statutory Notes following § 31-4402.

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§ 31–4407. Formation — Time limitation for issuance of policies.