33-4-314. Annual statement -- exclusive report -- penalty for failure to file.
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/mt/title-33/chapter-4/part-3/33-4-314·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-4-314 . Annual statement -- exclusive report -- penalty for failure to file.
(1)A report, statement, or return of any nature may not be required of any farm mutual insurer other than those required by 33-4-313 .
(2)The commissioner may:
(a)suspend or revoke the certificate of authority of any insurer failing to file its annual statement as required; or
(b)impose a fine of up to $100 a day for each day that an insurer is late in filing its annual statement, with the aggregate penalty not to exceed $1,000.