PARRIS N. GLENDENING, Governor

Ch. 685

(2)     THE REPORT SHALL BE FILED IN A MANNER AND CONTAIN THE
INFORMATION REQUIRED BY THE COMMISSIONER.

(B) FAILURE BY AN INSURER TO PAY THE INSURANCE REGULATION FEE ON
OR BEFORE JULY 31 SEPTEMBER 1 OF EACH YEAR SHALL SUBJECT THE INSURER TO
THE PROVISIONS OF §§ 54 AND 55A OF THIS ARTICLE.

(C) (1) IF ADDITIONAL AMOUNTS ARE FOUND TO BE DUE AFTER A REPORT
HAS BEEN FILED, THE AMOUNTS SHALL BE SUBJECT TO INTEREST AT 6% 10% PER
YEAR FROM THE TIME THE INSURANCE REGULATION FEE WAS DUE UNTIL
PAYMENT IS ACTUALLY MADE TO THE COMMISSIONER.

(2)     THE COMMISSIONER MAY WAIVE INTEREST UNDER THIS
SUBSECTION ON LATE PAYMENTS IF THE INSURER PROVES THAT IT:

(I) MADE A GOOD FAITH EFFORT TO COMPLY WITH THE
REQUIREMENTS OF THIS SECTION} AND

(II) EXERCISED DUE DILIGENCE TO INITIATE PAYMENT
CORRECTLY AND ON A TIMELY BASIS.

(D) THIS SECTION DOES NOT AFFECT ANY REQUIREMENT OTHERWISE
ESTABLISHED BY LAW FOR THE PAYMENT OF PREMIUM TAXES BY AN INSURER.

41F.

THE COMMISSIONER MAY ADOPT REGULATIONS TO IMPLEMENT ANY
PROVISION §§ 41A THROUGH 41C OF THIS SUBTITLE.

[41A.] 41G.

(a)    (1) Subject to the approval of the Treasurer and subject to the limitation
under paragraph (2) of this subsection, the Commissioner may provide by regulation for
the payment of any unpaid premium taxes or [fees] THE UNPAID INSURANCE
REGULATION FEE owed by an insurer in funds that are immediately available to the
State on the date the payment is due.

(2) The Commissioner may not require payment in funds that are
immediately available to the State if the total of the unpaid premium tax or [fees] THE
UNPAID INSURANCE REGULATION FEE is less than $20,000.

(b)    Any regulations adopted by the Commissioner under this section shall
establish a suitable means for payment in immediately available funds so as to ensure the
availability of those funds to the State on the date of payment.

[41B.] 41H.

A court may award reimbursement to a prevailing plaintiff against a defendant for
a service of legal process fee imposed under [§ 41(18)] § 41(B)(4) of this subtitle in any
case against an insurer or surplus line broker.

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