A. On or before February 1, the licensee shall annually file a report under oath and in the form prescribed by the deputy director concerning the business and operations during the preceding calendar year. On good cause shown by a licensee, the deputy director may extend the time for filing the report for a period not to exceed sixty days.

B. If a licensee fails to file the annual report, the deputy director or any person designated by the deputy director may examine the books, accounts and records of the licensee and prepare the annual report and the licensee shall be assessed an examination fee as prescribed in section 6-125.

C. If a licensee fails to file the annual report within the specified time, the deputy director may assess a civil penalty for the failure to file unless an extension of time is granted by the deputy director in writing prior to the due date of the annual report. The penalty shall not be more than $25 per day. The licensee shall pay the penalty to the deputy director within thirty days after the assessment.