Md. Code Regs. 14.09.12.06
Current through Register Vol. 51, No. 24, December 2, 2024
Section 14.09.12.06 - Penalty for Failure to Submit Required Case Payment ReportA. The Commission may assess against an insurer a fine not to exceed $1,000 for any unexcused failure to file a case payment report as required under Labor and Employment Article, § 9-313(b), Annotated Code of Maryland.B. Schedule of Assessments. The schedule of assessments established by the Commission is as follows: | Date | Amount Not To Exceed | Type Action |
| 41st day | $100 | Initial Notice |
| 51st day | 250 | 2nd Notice |
| 61st day | 500 | 3rd Notice |
| 91st day | 1,000 | Final Notice |
| 120th day | 1,000 | Referral to Central Collection Unit and Insurance Commissioner |
C. In calculating the imposition of an assessment on an insurer, each failure to submit a required report or the submission of an inaccurate or incomplete report is considered a separate violation subject to assessment.Md. Code Regs. 14.09.12.06
Effective date: 41:4 Md. R. 303, eff.3/3/2014