{"data":{"id":"us-in/ic-27-1-23.5-14","jurisdiction":"us-in","citation":"IC 27-1-23.5-14","heading":"Civil penalties","body":"Sec. 14. (a) An insurer that fails, without just cause (as determined by the commissioner), to timely file an ORSA summary report as required by this chapter shall, after notice and hearing under IC 4-21.5, pay a civil penalty of one hundred dollars ($100) for each day of noncompliance, not to exceed ten thousand dollars ($10,000).\n(b) The commissioner may reduce a penalty imposed under subsection (a) if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.\n(c) A civil penalty collected under this section shall be deposited in the department of insurance fund established by IC 27-1-3-28.","path":["TITLE 27. INSURANCE","ARTICLE 1. DEPARTMENT OF INSURANCE","Chapter 23.5. Risk Management and Own Risk and Solvency Assessment"],"source_url":"https://iga.in.gov/ic/2026/Title_27.html#27-1-23.5-14","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-25T05:39:04Z","sha256":"f58449e891ecf8143ef8b3ba4e1517cd68ac812c8dacee515b829379ef66bf09","source_id":"us-in","stale":false,"prev":"us-in/ic-27-1-23.5-13","next":"us-in/ic-27-1-24.2-1"},"notice":"GroundRules: Original legal text. Not legal advice."}