{"data":{"id":"us-dc/d.c.-code-31-3932.14","jurisdiction":"us-dc","citation":"D.C. Code § 31-3932.14","heading":"Standards and criteria applicable in a contested case brought by a third party and certain actions by the Commissioner.","body":"(a)\nA contested case brought by a third party based on a decision of the Commissioner pursuant to this subchapter shall be governed by applicable civil law; provided, that, the aggrieved party shall:\n(1)\nProve the appeal through clear and convincing evidence;\n(2)\nDemonstrate irreparable harm;\n(3)\nNot have another adequate remedy at law; and\n(4)\nPost a bond of sufficient surety to protect the interests of the holders of the SPFC securities and policyholders in an amount not less than 15% of the total amount of the securitized transaction.\n\n(b)\nIf the Commissioner decides to reverse, amend, or modify a certificate of authority issued to an SPFC or the order issued in connection with them for a reason other than that specified in § 31-3931.15, the Commissioner shall meet the standards and criteria provided in subsection (a) of this section.","path":["Title 31. Insurance and Securities.","Chapter 39A. Captive Insurance Companies (2004).","Subchapter II. Special Purpose Financial Captive Insurance Companies."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/31-3932.14","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"974c6e8ffa0dcd98234e4b3824ecf89c249032fae5c4c9f2103171381b861f00","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-31-3932.13","next":"us-dc/d.c.-code-31-3932.15"},"notice":"GroundRules: Original legal text. Not legal advice."}