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New Jersey Statutes, Title: 17, CORPORATIONS AND INSTITUTIONS FOR FINANCE AND INSURANCE

    Chapter 23: Statements; format; preparation

      Section: 17:23-35: Failure to file ORSA Summary Report; penalty.

          
54. Any insurer failing, without just cause, to timely file the ORSA Summary Report as required in sections 46 through 56 of P.L.2014, c.81 (C.17:23-27 through C.17:23-37) shall be required, after notice and opportunity for a hearing, to pay a penalty of up to $5,000 for each day's delay, to be recovered by the commissioner and the penalty so recovered shall be paid into the General Fund of this State.

L.2014, c.81, s.54.

This section added to the Rutgers Database: 2015-01-08 09:16:35.






Older versions of 17:23-35 (if available):



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