§2018. Failure to pay tax
67 words·~1 min read·
/me/title-24-a-maine-insurance-code/chapter-19-surplus-lines/2018·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If any producer fails to remit the tax provided by section 2016 within 30 days after the tax is due, the superintendent may, following an adjudicatory hearing, assess a penalty of not less than $25 for each day of delinquency. Any fine collected by the superintendent must be paid to the Treasurer of State and credited to the Insurance Regulatory Fund. [PL 1997, c. 592, §63 (AMD).]