Current through codified legislation effective October 30, 2024
Section 31-5502 - ApplicabilityThis chapter shall apply to all kinds of direct insurance, but shall not be applicable to the following:
(1) Life, annuity, health, or disability insurance;(2) Mortgage guaranty, financial guaranty, or other forms of insurance offering protection against investment risks;(3) Fidelity or surety bonds, or any other bonding obligations;(4) Credit insurance, vendors' single interest insurance, or collateral protection insurance or any similar insurance protecting the interests of a creditor arising out of a creditor-debtor transaction;(5) Insurance of warranties or service contracts;(7) Ocean marine insurance;(8) Any transaction or combination of transactions between a person, including affiliates of such a person, and an insurer, including affiliates of such an insurer, which involves the transfer of investment or credit risk unaccompanied by transfer of insurance risk; or(9) Any insurance provided by or guaranteed by government.Oct. 21, 1993, D.C. Law 10-51, § 3, 40 DCR 6120.