If any such company shall fail to pay the tax herein required, it shall be liable to the District of Columbia for the amount thereof, and in addition thereof a penalty of 8% per month thereafter until paid.

History

Aug. 17, 1937, 50 Stat. 676, ch. 690, title II, § 7

renumbered as § 9, Sept. 26, 1984, D.C. Law 5-113, § 401, 31 DCR 3974

enacted, Apr. 9, 1997, D.C. Law 11-254, § 2, 44 DCR 1575

Editor's Notes

Mayor authorized to issue rules: See notes to § 47-2601.

Prior Codifications

1973 Ed., § 47-1807.

1981 Ed., § 47-2609.

Section References

This section is referenced in § 47-2608.

Cross References

Insurance department, required annual statement of business from insurance companies, tax payment, annuities exemption, see § 31-205.