§36-630. Failure to make payments timely - Penalties.
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/ok/title-36-insurance/36-630·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Failure to make such payments timely shall subject the insurance company to a penalty of ten percent (10%) of the tax due and said tax and penalty shall be further subject to interest at the rate of six percent (6%) per annum, from the date said payment should have been paid, until the tax, penalty and interest are paid. Added by Laws 1971, c. 191, § 2, emerg. eff. June 4, 1971. Amended by Laws 2004, c. 274, § 5, eff. July 1, 2004.