{"data":{"id":"us-il/215-ilcs-120-13","jurisdiction":"us-il","citation":"215 ILCS 120/13","heading":"Annual statement - filing of - penalty for late filing.","body":"Every company authorized under this Act shall file with the Director by January 31 of each year a financial statement for the year ending December 31 of the year preceding on forms prescribed by the Director. A company may request the Director to grant an extension until February 15; however, such request must be received by the Department of Insurance no later than January 25. The Director shall not deny a request for an extension made by a company whose gross premium written for the year just ending exceeds $750,000.\nThe Director may require that a company file quarterly financial statements which shall be due 30 days after the end of each quarter.\nA company failing to file its annual financial statements by January 31 or by February 15 (if the Director had previously granted such extension) shall pay to the Director, a penalty of $20 per day for each day after the due date that the statement was not received.","path":["CHAPTER 215 INSURANCE","Farm Mutual Insurance Company Act of 1986."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1261\u0026ChapterID=22\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:30Z","sha256":"bfa80e27455140f3e7e389ccfe36c5e1742c0a160bcfb4e2deca7733aa055610","source_id":"us-il","stale":false,"prev":"us-il/215-ilcs-120-12","next":"us-il/215-ilcs-120-14"},"notice":"GroundRules: Original legal text. Not legal advice."}