Find Laws Find Lawyers Free Legal Forms USA State Laws

ARKANSAS STATUTES AND CODES

§ 23-65-316 - Penalty for failure to file annual statement or remit tax.

23-65-316. Penalty for failure to file annual statement or remit tax.

(a) (1) If any surplus lines broker fails to file his or her annual statement by March 1, he or she shall be liable for a fine of fifty dollars ($50.00) for each day of delinquency commencing with March 1.

(2) For good cause shown and after a written request, the Insurance Commissioner may grant a reasonable extension of time within which the statement may be filed.

(3) The fine may be recovered by an action instituted by the commissioner in any court of competent jurisdiction.

(4) The commissioner shall pay to the Treasurer of State any fine so collected.

(b) (1) If any surplus lines broker fails to remit the tax as provided by law when the tax is due, the surplus lines broker shall be liable for a fine of fifty dollars ($50.00) for each day of delinquency commencing with the sixty-first day after the end of the month in which surplus lines insurance was procured.

(2) However, for good cause shown, the commissioner after a written request may grant a reasonable extension of time within which the tax may be paid.

(3) The tax may be collected by distraint, or the tax and fine may be recovered by an action instituted by the commissioner in any court of competent jurisdiction.

(4) The commissioner shall pay to the Treasurer of State any fine so collected.

Arkansas Forms by Issue

Arkansas Appeals Forms
Arkansas Auto Accident Forms
Arkansas Child Support Agency Forms
Arkansas Court Forms
> Substance Abuse
Arkansas Divorce Forms
Arkansas Family Forms
Arkansas Tax Forms

Arkansas Law

Arkansas State Laws
    > Arkansas Child Support
    > Arkansas Gun Laws
    > Arkansas Statute
Arkansas State
    > Arkansas State Parks
Arkansas Tax
    > Arkansas State Tax
Arkansas Agencies
    > Arkansas Department of Corrections
    > Arkansas Department of Education
    > Arkansas Federal Credit Union
    > Arkansas Secretary of State
    > Arkansas State Police

Arkansas Court Map

Tips