626.9361  Failure to file report; administrative penalty.--Any eligible surplus lines insurer who fails to file a quarterly report in the form and within the time required or provided for in the Surplus Lines Law may be fined up to $500 per day for each day such failure continues, beginning the day after the report was due, until the date the report is received by the department. Failure to file a quarterly report may also result in withdrawal of eligibility as a surplus lines insurer in this state. All sums collected by the department under this section shall be deposited into the Insurance Commissioner's Regulatory Trust Fund.