California Insurance Code

§ 924

INS § 924 Effective Jan 1, 2018Div. 1 · Part 2 · Ch. 1 · Art. 10

Statute text

The commissioner shall collect a late filing fee of seven hundred five dollars ($705) from any admitted insurer that fails to make and file in the commissioner’s office within the time prescribed by law any statements or stipulations required by this code. After the first month, the commissioner shall also collect a late filing fee of eight hundred forty-nine dollars ($849) for each and every month or fractional part of a month thereafter that the insurer continues to transact the business of insurance until those statements and stipulations are filed.

Legislative history

Amended by Stats. 2017, Ch. 534, Sec. 16. (AB 1699) Effective January 1, 2018.