D.C. Mun. Regs. tit. 20, r. 20-6715
Within ten (10) days after commencement of a voluntary or involuntary proceeding under Title 11 of the United States Code (Bankruptcy) naming an owner as debtor, the owner shall, in accordance with § 5500.4, notify the Department by certified mail, return receipt requested, of the commencement of the proceedings, and submit to the Department the appropriate forms listed in §§ 6702.4 through 6702.7 documenting current financial responsibility.
Within ten (10) days after commencement of a voluntary or involuntary proceeding under Title 11 of the United States Code (Bankruptcy) naming a guarantor providing financial assurance as debtor, the guarantor shall notify the owner by certified mail, return receipt requested, of the commencement of proceedings, as required under § 6706.
An owner who obtains financial assurances by a mechanism other than the financial test of self- insurance is deemed to be without the required financial assurance in the event of a bankruptcy or incapacity of its provider of financial assurance, or a suspension or revocation of the authority of the provider of financial assurance to issue a guarantee, insurance policy, risk retention group coverage policy, surety bond, or letter of credit.
An owner shall obtain alternative financial assurance, in accordance with this chapter, not later than thirty (30) days after receiving notice of the bankruptcy or incapacity of its provider of financial assurance, or the suspension or revocation of the authority of its provider of financial assurance to issue a guarantee, insurance policy, risk retention group coverage policy, surety bond, or letter of credit.
If an owner does not obtain alternative assurance within thirty (30) days after notification of bankruptcy or incapacity, as provided in this section, the owner shall notify the Department.
D.C. Mun. Regs. tit. 20, r. 20-6715