17:23-35 Failure to file ORSA Summary Report; penalty.
73 words·~1 min read·
/nj/title-17/chapter-23/17-23-35A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
54. Any insurer failing, without just cause, to timely file the ORSA Summary Report as required in sections 46 through 56 of P.L.2014, c.81 (C.17:23-27 through C.17:23-37) shall be required, after notice and opportunity for a hearing, to pay a penalty of up to $5,000 for each day's delay, to be recovered by the commissioner and the penalty so recovered shall be paid into the General Fund of this State.
L.2014, c.81, s.54.