905.1 No insurance company or corporate surety shall engage in or conduct the business of insuring or bonding any risk arising out of the operation of a taxicab or public vehicle for hire unless the company is authorized to do business in the District and possesses a certificate of approval issued by the Commissioner of the Department of Insurance, Securities, and Banking.

905.2 Each insurance company or corporate surety insuring or bonding any risk arising out of the operation of a taxicab or public vehicle for hire shall comply with the rules and regulations pertaining to insurance companies promulgated by the Commissioner of the Department of Insurance, Securities, and Banking and published in chapter 37 (Captive Insurance Companies) of subtitle 26 (Insurance) of title 26 (Insurance, Securities and Banking) the DCMR.

SOURCE: 14 DCRR §§440.2 and 440.3, Special Edition (January 10, 1975); as amended by Notice of Final Rulemaking published at 58 DCR 9847, 9850 (November 18, 2011).