{"data":{"id":"us-dc/d.c.-code-31-1502","jurisdiction":"us-dc","citation":"D.C. Code § 31-1502","heading":"Licensure.","body":"(a)\nNo person, firm, association, or corporation shall act in the capacity of a managing general agent with respect to risks located in the District for an insurer licensed in the District, unless the person is a licensed broker in the District.\n\n(b)\nNo person, firm, association, or corporation shall act in the capacity of a managing general agent representing an insurer domiciled in the District with respect to risks located outside the District, nor shall an insurer utilize the services of such a managing general agent, unless the person is licensed as a broker in the District, which license may be a nonresident license, pursuant to the provisions of this chapter.\n\n(c)\nThe Mayor may require a bond in an amount acceptable to him or her for the protection of the insurer.\n\n(d)\nThe Mayor may require the managing general agent to maintain an errors and omissions policy.","path":["Title 31. Insurance and Securities.","Chapter 15. Managing General Agents."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-1502","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"50599bb52697ab530441bf54634773920567059c3f3cba6388a151a37f36e070","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-1501","next":"us-dc/d.c.-code-31-1503"},"notice":"GroundRules: Original legal text. Not legal advice."}