W. Va. Code R. § 114-75-4

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 114-75-4 - Penalties

4.1. Failure to submit rate filing. Any insurer that fails to timely submit the rate filing specified in subsection 3.2 of this rule shall be fined one hundred dollars ($100.00) for each day the rate filing is late. The commissioner may waive or reduce this penalty if he or she determines that the failure to timely file was caused by excusable neglect; however, the assessment of a penalty under this section is automatic unless a waiver or reduction of the penalty is agreed to by the commissioner in writing.