(Revised 3/4/24) Updates Pursuant to the Life and Health Insurance Guaranty Association Amendment Act of 2023

DISB

GOVERNMENT OF THE

DISTRICT OF COLUMBIA

DC MURIEL BOWSER, MAYOR

Karima M. Woods, Commissioner

## BULLETIN 04-IB-003-6/1

(Revised 3/4/24)

TO: ALL LIFE AND HEALTH INSURERS

FROM: KARIMA M. WOODS, COMMISSIONER KW

RE: UPDATES PURSANT TO THE LIFE AND HEALTH INSURANCE GUARANTY

ASSOCIATION AMENDMENT ACT OF 2023

DATE: March 5, 2024

The purpose of this Bulletin is to update the summary disclosure regarding life and health

guaranty association insolvency protection. Pursuant to D.C. Official Code § 31-5416, as

amended by D.C. Law 25-0122, all life, health, and annuity contract providers subject to the

provisions therein are required to provide policy and contract holders the attached

"SUMMARY OF GENERAL PURPOSES, COVERAGE LIMITATIONS, AND CONSUMER

PROTECTIONS" notice prior to or at the time of delivery of the policy or contract.

Insurers do not need to file the form they intend to use with the Department of Insurance,

Securities and Banking ("Department"), unless they modify the language used in any way.

Please also note that the Department removed addresses from the notice for both the

Department and the Guaranty Association to avoid the need to update the notice should

there be a change in address for either entity. The websites and general phone numbers will

continue to be available in the notice.

District of Columbia Department of Insurance, Securities and Banking

1050 First Street NE, Suite 801, Washington, DC 20002 • 202.727.8000 • disb@dc.gov • DISB.dc.gov