D.C. Code § 31-3405: Fiduciary responsibilities.
Where this section sits in the code
- Title 31. Insurance and Securities.
- Chapter 34. Health Maintenance Organizations.
(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.
Collected 2026-08-29T05:44:07Z. Source file · JSON