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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 31-3405: Fiduciary responsibilities.

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Where this section sits in the code
  1. Title 31. Insurance and Securities.
  2. 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

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