{"data":{"id":"us-de/18-del.-c.-8509","jurisdiction":"us-de","citation":"18 Del. C. § 8509","heading":"Sanctions.","body":"Any insurer failing, without just cause, to timely file the CGAD as required in this chapter shall be required, after notice and hearing, to pay a penalty of $500 for each day’s delay, to be recovered by the Commissioner and the penalty so recovered shall be paid into the General Fund. The maximum penalty under this section is $25,000. The Commissioner may reduce the penalty if the insurer demonstrates to the Commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.","path":["Title 18. Insurance Code","Miscellaneous","CHAPTER 85. Corporate Governance Annual Disclosure Act"],"source_url":"https://delcode.delaware.gov/title18/c085/index.html#8509","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:25Z","sha256":"67a21a756a483d7ef6e1ca4366567694d8de43e477db57a748d9c7a7eb9a60c2","source_id":"us-de","stale":true,"prev":"us-de/18-del.-c.-8508","next":"us-de/18-del.-c.-8510"},"notice":"GroundRules: Original legal text. Not legal advice."}