{"data":{"id":"us-dc/d.c.-code-31-1307","jurisdiction":"us-dc","citation":"D.C. Code § 31-1307","heading":"Condition on release from delinquency proceedings; conditions on operations during proceedings.","body":"No insurer that is subject to any delinquency proceedings, whether formal or informal (administrative or judicial), shall:\n\n(1)\nBe released from the proceeding, unless the proceeding is converted into a judicial rehabilitation or liquidation proceeding;\n\n(2)\nBe permitted to solicit or accept new business, or request or accept the restoration of any suspended or revoked license or certificate of authority;\n\n(3)\nBe returned to the control of its shareholders or private management; or\n\n(4)\nHave any of its assets returned to the control of its shareholders or private management until all payments of or on account of the insurer’s contractual obligations by all guaranty associations, along with all expenses and interest on all payments and expenses, shall have been repaid to the guaranty associations or a plan of repayment by the insurer shall have been approved by the guaranty association.","path":["Title 31. Insurance and Securities.","Chapter 13. Insurers Rehabilitation and Liquidation Procedures."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-1307","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"b149e8da35ecfa883894f8233892adbc89e6a5bbb50557cd7f30703c98f81940","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-1306","next":"us-dc/d.c.-code-31-1308"},"notice":"GroundRules: Original legal text. Not legal advice."}