D.C. Mun. Regs. tit. 26, r. 26-A2724
The investment policy of a separate account operated by a domestic insurer shall not be changed without first filing such change with the Insurance Commissioner.
Any change filed pursuant to this section shall be effective sixty days after the date it was filed with the Commissioner, unless the Commissioner notifies the insurer before the end of such sixty-day period of his disapproval of the proposed change. At any time the Commissioner may, after notice and public hearing, disapprove any change that has become effective pursuant to this section.
The Commissioner may disapprove the change if he determines that the change would be detrimental to the interests of the policyholders participating in such separate accounts.
D.C. Mun. Regs. tit. 26, r. 26-A2724