6-1408. Annual report of licensee; civil
penalty for failure to file
A. On or before February 1, the licensee shall annually file a report under oath
and in the form prescribed by the superintendent concerning the business and operations
during the preceding calendar year. On good cause shown by a licensee, the
superintendent may extend the time for filing the report for a period not to exceed sixty
days.
B. If a licensee fails to file the annual report, the superintendent or any person
designated by him may examine the books, accounts and records of the licensee and prepare
the annual report and the licensee shall be assessed an examination fee as prescribed in
section 6-125.
C. If a licensee fails to file the annual report within the specified time, the
superintendent may assess a civil penalty for the failure to file unless an extension of
time is granted by the superintendent in writing prior to the due date of the annual
report. The penalty shall not be more than twenty-five dollars per day. The licensee
shall pay the penalty to the superintendent within thirty days of the assessment.
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