Md. Code, Ins. § 32-109

Current with changes from the 2024 Legislative Session
Section 32-109 - Penalties for noncompliance
(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.

Md. Code, IN § 32-109

Added by 2017 Md. Laws, Ch. 36,Sec. 1, eff. 1/1/2018.