GroundRules
33-2-1138: Penalty.
Where this section sits in the code
- TITLE 33. INSURANCE AND INSURANCE COMPANIES
- CHAPTER 2. REGULATION OF INSURANCE COMPANIES
- Part 11. Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment
(1) Any insurer failing to timely file the ORSA summary report shall be fined no more than $500 for each day's delay, up to a maximum penalty of $25,000.
(2) The commissioner shall collect the fine and deposit the money in the state general fund.
Collected 2026-09-14T04:52:16Z. Source file · JSON