Category of Noncompliance |
Period of Noncompliance |
First Week |
Second and Third Weeks |
After 3 Weeks |
Failure to submit OSFR evidence |
$500 |
$750/week |
$250/day |
Failure of a Responsible Party to prepare Form
MMS-1017 (Designation of Applicant) |
$500 |
$750/week |
$250/day |
Lapse in OSFR coverage |
$750 |
$1,000/week |
$300/day |
Cancellation of OSFR without alternative coverage |
$2,500 |
$5,000/week |
$1,000/day |
Failure to correct an erroneous or inadequate submission within 30 days of MMS request2 |
$100 |
$250/week |
$1,000/week |
1 Penalties will double each time there is an additional
violation within 1 calendar year of the first violation, up to a maximum of $25,000/day.
Periodically as needed to ensure compliance, the penalty amounts in this table will be
updated. |
2 Includes under-subscribed insurance slips, use of
insurers not rated "secure" or better, errors in lease, permit, or RUE
identification and similar problems with the OSFR evidence submitted. |
|