1. MCA Contents
  2. TITLE 33
  3. CHAPTER 2
  4. Part 11
  5. 33-2-1138 Penalty

TITLE 33. INSURANCE AND INSURANCE COMPANIES

CHAPTER 2. REGULATION OF INSURANCE COMPANIES

Part 11. Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment

Penalty

33-2-1138. Penalty. (1) Any insurer failing to timely file the ORSA summary report shall be fined no more than $500 for each day's delay, up to a maximum penalty of $25,000.

(2) The commissioner shall collect the fine and deposit the money in the state general fund.

History: En. Sec. 9, Ch. 370, L. 2015.