D.C. Mun. Regs. tit. 20, r. 20-6703
An owner or a guarantor may satisfy the requirements of § 6700 by passing either of the financial tests set forth in this section.
To pass a financial test of self- insurance, the owner or guarantor shall meet either of the following based on year-end financial statements for the latest completed fiscal year:
To demonstrate that the owner or guarantor meets either of the financial tests under § 6703.2, the chief financial officer of the owner or guarantor shall sign a letter of assurance in the form specified in Appendix 67-2 (Financial Test of Self-Insurance) not later than one hundred twenty (120) days after the close of each financial reporting year, as defined by the twelve (12) month period for which financial statements used support the financial test are prepared.
If an owner no longer meets the requirements of the financial test set forth in §§ 6704 or 6705 based on year-end financial statements, the owner shall obtain alternative assurance not later than one hundred fifty (150) days after the end of the year for which the financial statements used were prepared.
The Department may require reports of financial condition at any time from the owner or guarantor demonstrating compliance with this section. If the Department finds, on the basis of any report or other information, that the owner or guarantor no longer meets the financial test requirements of this section, the owner shall be required to obtain alternative assurance not later than thirty (30) days after the Department notifies the owner of the finding.
If an owner fails to obtain alternative assurance as required by §§ 6703.4 or 6703.5, the owner shall notify the Department, in accordance with § 5500.4, of the failure not later than ten (10) days after the expiration of the required period.
D.C. Mun. Regs. tit. 20, r. 20-6703