District of Columbia Insurance Act

[AI summary unavailable — showing source text] District of Columbia Insurance Act - Title I: District of Columbia Post Assessment Insurance Guaranty Association Act - District of Columbia Insurance Guaranty Association Act - Creates in the District of Columbia a nonprofit unincorporated legal entity to be known as the District of Columbia Insurance Guaranty Association. Gives it jurisdiction over specific kinds of direct insurance. Provides that the Board of Directors of the Association shall consist of not less than five nor more than nine persons and shall be selected by member insurers subject to approval of the Commissioner. Provides that for purposes of administration and assessment the Association shall be divided into: (1) the workmen's compensation insurance account; (2) the automobile insurance account; and (3) the account for all other insurance to which this Act applies. Directs the Association to submit to the Commissioner of the District of Columbia a plan of operation to assure the fair, reasonable and equitable administration of the Association. Grants the Commissioner powers relating to the administration of the Association. Exempts the Association from payment of all District of Columbia fees and taxes, except …