23 CAR § 131-113

23 CAR § 131-113. Penalties for noncompliance

Length: 93 wordsOfficial source
(a) Following notice to the submitting entity and the failure to comply during the thirty-day cure period, the Insurance Commissioner may impose a maximum penalty on a submitting entity of one thousand dollars ($1,000) per day, not to exceed thirty thousand dollars ($30,000). (b) The commissioner may delay, reduce, or waive any penalty. (c) The commissioner agrees to consider a lower maximum penalty per day than authorized, including a waiver of the penalty, for test data and data receipts due in the 2016 year, based upon the good cause of the submitting entity.
23 CAR § 131-113: 23 CAR § 131-113. Penalties for noncompliance | Justis AI