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Fiduciary responsibilities.

D.C. Code § 31-3405
in effect
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31-3405. Fiduciary responsibilities. (a) Any director, officer, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of such organization shall be responsible for such funds in a fiduciary relationship to the organization. (b) A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on such employees and officers, directors, and partners in an amount not less than $250,000 and not more than $5,000,000. (Apr. 9, 1997, D.C. Law 11-235, § 6, 44 DCR 818.)
Source: Council of the District of Columbia (code.dccouncil.gov)URL: https://code.dccouncil.gov/us/dc/council/code/sections/31-3405Fetched: 10/21/2026

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