Fine. An insurer found in violation of Regulation .03 of this chapter may be fined up to $1,000 per offense. Each day a violation is continued after the first fine is a separate offense. Revocation of Self-Insurance Approval. A violation of Regulation .03 of this chapter that jeopardizes prompt and fair compensation of a Maryland workers' compensation claim may be grounds for the revocation of an employer's self-insurance approval under Labor and Employment Article, §9-403(e)(1), Annotated Code of Maryland.