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Statutes Text

Article - Insurance




§32–109.

    (a)    Subject to § 2–210 of this article, a carrier that, without just cause, fails to timely file an ORSA Summary Report as required by this title is subject to a penalty of $200 for each day the violation continues, up to a maximum of $25,000.

    (b)    The Commissioner may reduce the penalty under subsection (a) of this section if the carrier demonstrates to the Commissioner that the imposition of the penalty would constitute a financial hardship to the carrier.

    (c)    This section does not limit the authority of the Commissioner to take any other action authorized by this article.



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