{"data":{"id":"us-pa/40-pa.c.s.-3908","jurisdiction":"us-pa","citation":"40 Pa.C.S. § 3908","heading":"Penalties.","body":"An insurer or insurance group that fails to timely file a CGAD as required under this chapter or by regulation shall be required, after notice and hearing, to pay a penalty of $200 for each day's delay. The maximum penalty under this section shall be $25,000 per year.","path":["Title 40 - INSURANCE","PART II REGULATION OF INSURERS AND RELATED PERSONS GENERALLY","CHAPTER 39 CORPORATE GOVERNANCE ANNUAL DISCLOSURE"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=40\u0026div=0\u0026chpt=39\u0026sctn=8\u0026subsctn=0","current_through":"2024-08-21 (Statute Update stamp, 40 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:33:08Z","sha256":"bbd3f7f0afeea892588daea13320bbcf36dc83b3755a8e2b757ad47532d68eb1","source_id":"us-pa","stale":false,"prev":"us-pa/40-pa.c.s.-3907","next":"us-pa/40-pa.c.s.-3909"},"notice":"GroundRules: Original legal text. Not legal advice."}