D.C. Code § 47-2604

Current through codified legislation effective October 30, 2024

Section 47-2604 - Penalty for engaging in business without license or certificate of authority

Any such company issuing contracts of insurance in the District of Columbia, without first having obtained license or certificate of authority from the Commissioner of Insurance and Securities [Commissioner of the Department of Insurance, Securities, and Banking] so to do, shall upon conviction be subject to a fine of $100 per day for each day it shall engage in business without such license or certificate of authority. Civil fines, penalties, and fees may be imposed as alternative sanctions for any infraction of the provisions of this chapter, or any rules or regulations issued under the authority of this chapter, pursuant to Chapter 18 of Title 2. Adjudication of any infraction of this chapter shall be pursuant to Chapter 18 of Title 2.

D.C. Code § 47-2604

Aug. 17, 1937, 50 Stat. 675, ch. 690, title II, § 2; renumbered as § 4, Sept. 26, 1984, D.C. Law 5-113, § 401, 31 DCR 3974; Mar. 8, 1991, D.C. Law 8-237, § 2(t), 38 DCR 314; enacted Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575; May 21, 1997, D.C. Law 11-268, § 10(jj), 44 DCR 1730.

Mayor authorized to issue rules: See notes to § 47-2601.

Department of Insurance abolished: See Historical and Statutory Notes following § 47-2603.