§ 17:48A-16 — Failure to file statement or answer inquiries; penalty

Any medical service corporation neglecting to make and file its annual statement in the form and within the time provided by the last preceding section, or neglecting to reply in writing to inquiries of the Commissioner of Banking and Insurance within such reasonable time as may be specified by him, shall forfeit twenty-five dollars ($25.00) for each day's neglect, to be recovered in a civil action; and upon notice by the Commissioner of Banking and Insurance to such effect, its authority to do new business in this State shall cease while such default continues. L.1940, c. 74, p. 194, s. 16. Amended by L.1953, c. 17, p. 294, s. 184.