{"data":{"id":"us-dc/d.c.-code-31-2701","jurisdiction":"us-dc","citation":"D.C. Code § 31-2701","heading":"Definitions.","body":"In this chapter, unless the context otherwise requires:\n\n(1)\n“District” means the District of Columbia.\n\n(2)\n“Commissioner” means the Commissioner of the Department of Insurance, Securities, and Banking.\n\n(3)\n“Insurance” includes (but is not limited to) fidelity, surety, and guaranty bonds.\n\n(4)\n“Company” means any insurer, whether stock, mutual, reciprocal, interinsurer, Lloyd’s, or any other form or group of insurers.\n\n(5)\n“Policy” means an insurance policy or contract as defined by Chapter 25 of this title.\n\n(6)\n“Agent” means and shall include any individual, copartnership, or corporation acting in the capacity of or licensed as a “policy-writing agent,” “soliciting agent,” or “salaried company employee” as defined by Chapter 25 of this title.\n\n(7)\n“Exempt commercial risk” means a person or entity which meets one of the following criteria:\n(A)\nRetains or employs a certified or qualified risk manager to negotiate insurance coverage;\n(B)\nPossesses a net worth in excess of $2 million;\n(C)\nGenerates annual revenues in excess of $2 million;\n(D)\nHas at least 10 employees;\n(E)\nPays annual aggregate country-wide standard insurance premiums in excess of $10,000;\n(F)\nHas total insured property value of at least $2 million; or\n(G)\nIs a nonprofit organization or public body generating annual budgeted expenditures of at least $5 million.\n\n(8)\n“Medical malpractice insurer” means an insurer licensed to underwrite medical malpractice insurance.","path":["Title 31. Insurance and Securities.","Chapter 27. Regulation of Casualty and Other Insurance Rates."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-2701","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"dc04faf7f2ba423bb0e58471fce6378d8e0526566fc0684f2a21a96770275f09","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-2602.32","next":"us-dc/d.c.-code-31-2702"},"notice":"GroundRules: Original legal text. Not legal advice."}