What is the administrative penalty for a delinquency of thirty-one to sixty days?

The administrative penalty for a delinquency of thirty-one to sixty days is set at two hundred dollars ($200). This specific amount reflects the regulatory framework within Idaho for addressing the consequences of such delinquency, which is established to encourage compliance and timely actions in various regulatory matters, including licensing and obligations associated with being an independent adjuster.

Assessing penalties provides a structured approach to ensure that professionals adhere to required timelines and responsibilities. The set amount for this particular range of delinquency serves as both a punishment and a deterrent. Penalties are often tiered based on the duration of the delinquency, with the two hundred dollar figure representing a mid-level consequence that balances the need for compliance with fairness to the individuals involved.