What is the maximum penalty for a delinquency of sixty-one (61) days to ninety (90) days?

The maximum penalty for a delinquency of sixty-one to ninety days is established at three hundred dollars. This specific amount reflects the regulatory framework in place that outlines penalties associated with different durations of delinquency. The structure typically assigns varying fines based on the severity and length of the delinquency, with three hundred dollars corresponding specifically to the timeframe indicated in the question. Understanding these thresholds is essential for compliance and to avoid financial repercussions. It’s important for professionals in the insurance field to be aware of these regulations to maintain their standing and ensure they adhere to best practices.