Applicability. This 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; (6) Title insurance; (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.) Prior Codifications 1981 Ed., § 35-3902. Section References This section is referenced in § 31-5501.
District of Columbia Legal Code