An insurer or insurance group that fails to timely file a CGAD as required under this chapter or by regulation shall be required, after notice and hearing, to pay a penalty of $200 for each day's delay. The maximum penalty under this section shall be $25,000 per year.
Penalties
40 Pa.C.S. § 3908, under Corporate Governance Annual Disclosure.
40 Pa.C.S. § 3908