33-2-1138. Penalty.
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/mt/title-33/chapter-2/part-11/33-2-1138·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-2-1138 . Penalty.
(1)Any insurer failing to timely file the ORSA summary report shall be fined no more than $500 for each day's delay, up to a maximum penalty of $25,000.
(2)The commissioner shall collect the fine and deposit the money in the state general fund.