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.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.