D.C. Code § 1-307.84

Management of the Agency

Known as the Captive Insurance Agency Establishment Act

The act spans §§ 1-307.81 to 1-307.95 (15 sections).

July 18, 2008, D.C

(a) The Agency shall be administered by the Risk Officer.

(b) The Risk Officer shall employ a captive manager who shall run the day-to-day affairs of the Agency and shall report to the Risk Officer. The Risk Officer shall employ such other professionals as are necessary or appropriate to effectuate the purposes of this part.

(c) The Risk Officer may delegate the authority to perform any function authorized to be performed by the Risk Officer under this part.

(d) The Risk Officer may hire Agency staff.

Official source: D.C. Law Library (Council of the District of Columbia). Reproduced from public-domain District of Columbia statutes; confirm against the official source for the current text. Not legal advice.