May 24, 1996
Law 11-123, the “Insurance Industry Material Transactions Disclosure Act of 1996,” was introduced in Council and Assigned Bill No. 11-239, which was referred to the Committee on Consumer and Regulatory Affairs. The Bill was adopted on first and second readings on February 6, 1996, and March 5, 1996, respectively. Signed by the mayor on March 15, 1996, it was assigned Act No. 11-230 and transmitted to both Houses of Congress for its review. D.C. Law 11-123 became effective on May 24, 1996.