§691.58. Sanctions
Any insurer failing, without just cause, to timely file the CGAD as required by this
Subpart shall be required, after notice and an opportunity to be heard, to pay a penalty of one
hundred dollars for each day's delay, to be recovered by the commissioner and the penalty
so recovered shall be deposited upon receipt in the state treasury. The maximum penalty
under this Section shall be ten thousand dollars. 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.
Acts 2015, No. 304, §1, eff. Jan. 1, 2016.