§2018. Failure to pay tax If any producer fails to remit the tax provided by section 2016 within 30 days after the tax is due, the superintendent may, following an adjudicatory hearing, assess a penalty of not less than $25 for each day of delinquency. Any fine collected by the superintendent must be paid to […]
§2019. Legal process against surplus line insurer 1. An unauthorized insurer shall be sued, upon any cause of action arising in the State under any contract issued by it as a surplus lines contract pursuant to this law, in the Superior Court. [PL 1969, c. 132, §1 (NEW).] 2. Before the surplus lines insurer […]
§2020. Producer’s surety bond 1. Every applicant for a surplus lines producer’s authority shall file with the superintendent evidence of a bond in favor of the State executed by an authorized surety insurer. The bond is conditioned upon full accounting and due payment to the person entitled to the bond of funds coming into the […]
