Sec. 463.159. FAILURE TO PAY; COLLECTION BY COMMISSIONER. On failure of a member insurer to pay an assessment when due, the commissioner may either: (1) suspend or revoke, after notice and hearing, the insurer's certificate of authority to engage in the business of insurance in this state; or (2) levy a forfeiture in an amount not less than $100 each month or more than five percent of the unpaid assessment each month.
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