RCW 48.05A.045
105 words·~1 min read·
/wa/title-48/chapter-48-05a/48-05a-045·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The commissioner must require any insurer failing, without just cause, to file the ORSA summary report as required in this chapter, after notice and hearing, to pay a fine of five hundred dollars for each day's delay, to be recovered by the commissioner and the fine collected must be transferred to the treasurer for deposit into the state general fund. The maximum fine under this section is one hundred thousand dollars. The commissioner may reduce the fine if the insurer demonstrates to the commissioner that the imposition of the fine would constitute a financial hardship to the insurer.
[ 2015 c 17 s 9 .]