# Insurance (GIN)

## Title 32. Risk Management and Own Risk and Solvency Assessment Act

### Subtitle 1

#### Section 32-109

(a) Subject to Sec. 2-210 of this article, a carrier that, without just cause, fails to timely file an ORSA Summary Report as required by this title is subject to a penalty of $200 for each day the violation continues, up to a maximum of $25,000.

(b) The Commissioner may reduce the penalty under subsection (a) of this section if the carrier demonstrates to the Commissioner that the imposition of the penalty would constitute a financial hardship to the carrier.

(c) This section does not limit the authority of the Commissioner to take any other action authorized by this article.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)