§ 9-1006. Assessment against insurer

   (a) In general. -- The Commission may assess an insurer $ 300 if:

   (1) the insurer fails to comply with the requirements of the Commission about certification of insurance with the Commission; and

   (2) the Commission finds that the Fund or the Commission was required to investigate or attend a hearing to determine whether an employer has insurance.

(b) Additional assessment. -- The Commission may assess the insurer an additional $ 300 for each subsequent failure to comply with the insurance certification requirements of the Commission.

(c) Payment into Fund. -- The Commission shall direct payment of an assessment under subsection (a) or (b) of this section into the Fund.

(d) Notification of Insurance Commissioner. -- If an insurer fails to comply with the insurance certification requirements of the Commissioner 5 times in a fiscal year, the Commission may:

   (1) notify the Insurance Commissioner; and

   (2) request that the insurer show cause why the Insurance Commissioner should not impose sanctions under § 4-113(d) of the Insurance Article.

HISTORY: An. Code 1957, art. 101, § 91; 1991, ch. 8, § 2; 1997, ch. 70, § 4.