Public-domain · open source

Haw. Rev. Stat. § 431:8-316

Penalty for failure to file statement or remit tax

Known as the Insurance Code

The act spans §§ 431–431 (1,434 sections).

L 1987, c 347, pt of §2; am L 2003, c 212, §49; am L 2006, c 154, §11; am L 2011, c 68, §14

(a) If any surplus lines broker fails to:

(1) File statements required by section 431:8-313; or

(2) Pay the premium tax required by section 431:8-315 when the tax is due,

the surplus lines broker may be liable for a fine of up to $25 for each day of delinquency.

(b) The commissioner may:

(1) Collect the premium tax required by section 431:8-315 by distraint;

(2) Recover the premium tax required by section 431:8-315 and fine for failure to pay the premium tax by instituting an action in any court of competent jurisdiction; or

(3) Recover the fine for failure to file the statements required by section 431:8-313 by instituting an action in any court of competent jurisdiction.

Official source: Hawaii State Legislature. Reproduced from public-domain Hawaii statutes; confirm against the official source for the current text. Not legal advice.