Sec. 15. (a) In addition to any other remedy available to the board under this article or at law, the board may, after notice and a hearing, assess a civil penalty under this section for any of the following:
(1) Failure to timely pay compensation under an approved settlement agreement as required by IC 22-3-2-15(d).
(2) Failure to post a notice required by IC 22-3-2-22.
(3) Failure to comply with IC 22-3-3-7 or IC 22-3-7-16.
(4) Failure to timely pay compensation for permanent partial impairment as required by IC 22-3-3-10.5(c).
(5) Failure to timely pay a compensation award as required by IC 22-3-3-24(a).
(6) Failure to file an injury record with the board as required by section 13 of this chapter or to file a report of a disablement by occupational disease as required by IC 22-3-7-37.
(b) For the first violation of an offense listed in subsection (a), the board may assess a civil penalty not to exceed fifty dollars ($50).
(c) For the second unrelated violation of the same offense listed in subsection (a), the board may assess a civil penalty not to exceed one hundred fifty dollars ($150).
(d) For the third or subsequent unrelated violation of the same offense listed in subsection (a), the board may assess a civil penalty not to exceed three hundred dollars ($300).
(e) Civil penalties collected under this section shall be deposited in the worker's compensation supplemental administrative fund established by IC 22-3-5-6.