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The DC Code: § 31-3405 Fiduciary responsibilities.

Index31 Insurance and Securities. (Refs & Annos)
a
Any director, officer, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of such organization shall be responsible for such funds in a fiduciary relationship to the organization.
b
A health maintenance organization shall maintain in force a fidelity bond or fidelity insurance on such employees and officers, directors, and partners in an amount not less than $250,000 and not more than $5,000,000.

Historical and Statutory

Prior Codifications 1981 Ed., § 35-4505. Legislative History of Laws For legislative history of D.C. Law 11-235, see Historical and Statutory Notes following § 31-3401. DC CODE § 31-3405 Current through December 11, 2012

Credits

(Apr. 9, 1997, D.C. Law 11-235, § 6, 44 DCR 818.)