California Insurance Code 924 – The commissioner shall collect a late filing fee of seven hundred …
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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.
(Amended by Stats. 2017, Ch. 534, Sec. 16. (AB 1699) Effective January 1, 2018.)
Terms Used In California Insurance Code 924
- Commissioner: means the Insurance Commissioner of this State. See California Insurance Code 20