New Hampshire Statutes
§ 401-C:9 — Sanctions
Any insurer failing, without just cause, to timely file the ORSA summary report as required in this chapter shall be required, after notice and hearing, to pay a penalty of $2,500 for each day's delay, to be recovered by the commissioner and the penalty so recovered shall be paid into the general revenue fund of this state. The commissioner may reduce the penalty if the insurer demonstrates to the commissioner that the imposition of the penalty would constitute a financial hardship to the insurer.
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Legislative History
2013, 152:2, eff. Jan. 1, 2015.
Nearby Sections
10
§ 401-C:1
Purpose and Scope§ 401-C:10
Severability Clause§ 401-C:2
Definitions§ 401-C:3
Risk Management Framework§ 401-C:4
ORSA Requirement§ 401-C:5
ORSA Summary Report§ 401-C:6
Exemption§ 401-C:7
Contents of ORSA Summary Report§ 401-C:8
Confidentiality§ 401-C:9
Sanctions