Current as of January 01, 2019 | Updated by FindLaw Staff
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If any producer fails to remit the tax provided by section 2016 within 30 days after the tax is due, the superintendent may, following an adjudicatory hearing, assess a penalty of not less than $25 for each day of delinquency. Any fine collected by the superintendent must be paid to the Treasurer of State and credited to the Insurance Regulatory Fund.
Cite this article: FindLaw.com - Maine Revised Statutes Title 24-A. Maine Insurance Code § 2018. Failure to pay tax - last updated January 01, 2019 | https://codes.findlaw.com/me/title-24-a-maine-insurance-code/me-rev-st-tit-24-a-sect-2018/
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