Creation of the Association.
D.C. Code § 31-5503
in effect31-5503. Creation of the Association.
There is created a nonprofit unincorporated legal entity to be known as the District of Columbia Insurance Guaranty Association. All insurers defined as member insurers in § 31-5501(9) shall be and remain members of the Association as a condition of their authority to transact insurance in the District. The Association shall perform its functions under a plan of operation established and approved under § 31-5506 and shall exercise its powers through a board of directors established under § 31-5504. For purposes of administration and assessment, the Association shall be divided into 3 separate accounts:
(1)
The workmen’s compensation insurance account;
(2)
The automobile insurance account; and
(3)
The account for all other insurance to which this chapter applies.
(Oct. 21, 1993, D.C. Law 10-51, § 4, 40 DCR 6120.)
Source: Council of the District of Columbia (code.dccouncil.gov)URL: https://code.dccouncil.gov/us/dc/council/code/sections/31-5503Fetched: 10/21/2026