D.C. Code § 31-4121.08: Sanctions.
Where this section sits in the code
- Title 31. Insurance and Securities.
- Chapter 41A. Risk Management and Own Risk and Solvency Assessment.
An insurer failing without just cause, as defined by the Commissioner by rule, to timely file an ORSA Summary Report required by this chapter shall, after notice and a hearing conducted according to the rules for contested cases set forth in Chapter 38 of Title 26 of the District of Columbia Municipal Regulations, be subject to a penalty in an amount not to exceed $1,000 per day. The maximum penalty assessed under this section shall be $25,000. The Commissioner shall recover this penalty.
Collected 2026-08-29T05:44:07Z. Source file · JSON