# D.C. Code § 31-5403: Creation of the Association

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5403

## Section

- **Citation:** D.C. Code § 31-5403
- **Heading:** Creation of the Association
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 31 / Chapter 54 / § 31-5403

## Text

(a) (1) There is created a nonprofit legal entity to be known as the District of Columbia Life and Health Insurance Guaranty Association.
(2) All member insurers shall be and shall continually remain members of the Association as a condition of their authority to transact insurance business in the District of Columbia.
(3) The Association shall perform its functions under the plan of operation established and approved under § 31-5407 and shall exercise its powers through a board of directors established under § 31-5404 .
(4) For purposes of administration and assessment the Association shall maintain 2 accounts:
(A) The life insurance and annuity account which shall include the following subaccounts:
(i) Life insurance account; and
(ii) Annuity account; and
(B) The health insurance account.
(b) The Association shall come under the immediate supervision of the Mayor and shall be subject to the applicable provisions of the insurance laws of the District of Columbia.

## Nearby sections

- [D.C. Code § 31-5401 § 31-5401. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5401.md)
- [D.C. Code § 31-5402 § 31-5402. Coverage and limitations.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5402.md)
- [D.C. Code § 31-5403 § 31-5403. Creation of the Association.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5403.md)
- [D.C. Code § 31-5404 § 31-5404. Board of Directors.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5404.md)
- [D.C. Code § 31-5405 § 31-5405. Powers and duties of the Association.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5405.md)
- [D.C. Code § 31-5406 § 31-5406. Assessments.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5406.md)
- [D.C. Code § 31-5407 § 31-5407. Plan of operation.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5407.md)
- [D.C. Code § 31-5408 § 31-5408. Duties and powers of the Mayor.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5408.md)
- [D.C. Code § 31-5409 § 31-5409. Prevention of insolvencies.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5409.md)
- [D.C. Code § 31-5410 § 31-5410. Credits for assessments paid.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5410.md)
- [D.C. Code § 31-5411 § 31-5411. Miscellaneous.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5411.md)
- [D.C. Code § 31-5412 § 31-5412. Examination of the Association; annual report.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5412.md)
- [D.C. Code § 31-5413 § 31-5413. Tax exemptions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5413.md)
- [D.C. Code § 31-5414 § 31-5414. Immunity.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5414.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T31_C54_S31-5403. Check the current official text before relying on it. Not legal advice.