§431:3-302 Annual and quarterly filings with the National Association of Insurance Commissioners. (a) Each domestic, foreign, and alien insurer that is authorized to transact insurance in this State shall annually on or before March 1 of each year, file a copy of its annual statement convention blank along with additional filings as prescribed by the commissioner for the preceding year with the National Association of Insurance Commissioners. Each insurer shall file quarterly, on or before the forty-fifth day after each quarter, a copy of its quarterly statement with the commissioner and the National Association of Insurance Commissioners. The information filed with the National Association of Insurance Commissioners shall be in the same format and scope as that required by the commissioner and shall include the signed jurat page and the actuarial certification. Any amendments and addenda to the statement filing subsequently filed with the commissioner shall also be filed with the National Association of Insurance Commissioners. In addition to the printed annual statement blank, quarterly statements, and other reports addressed in this section, the annual filing and the quarterly filings shall include diskettes containing annual and quarterly statement information in the format prescribed by the National Association of Insurance Commissioners' annual and quarterly statement diskette filing specifications. The annual and quarterly diskette filings shall be due on the same dates as the corresponding printed information.

(b) In respect to quarterly filings, foreign insurers that are domiciled in a state that has a law substantially similar to subsection (a) shall be deemed to be in compliance with this section and are not required to file the statements with this State. All other filings are required to be filed in accordance with this section.

(c) Any insurer failing or refusing to submit the annual or quarterly filings in accordance with this section shall be liable for a penalty in an amount not less than $100 and not more than $500 for each day of delinquency. [L 1987, c 347, pt of §2; am L 1993, c 205, §7; am L 1994, c 190, §§2, 10; am L 1995, c 61, §2 as superseded by c 232, §4 and c 232, §12; am L 1997, c 368, §2; am L 1999, c 302, §9 as superseded by c 128, §2]