Guam § 15405 - Filing Fee for Annual Statement: Penalty.
Full text of Guam Guam Code Annotated § 15405 — Filing Fee for Annual Statement: Penalty., with citation guidance and answers to common questions.
§ 15405. Filing Fee for Annual Statement: Penalty.
The filing fee for an annual financial statement shall be Fifty
Dollars ($50.00). Any foreign insurer that fails to file an annual
financial statement on or before April 1st of each year as required
in §15404 shall pay a penalty of Five Hundred Dollars ($500.00).
After May 15th, the foreign insurer shall pay an additional late
filing fee of One Hundred Dollars ($100.00) per day. The failure
of the foreign insurer or company to file the required annual
financial statement shall compel the foreign insurer’s or
company’s certificate of authority to be suspended or revoked.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 15405
What does Guam Code Annotated § 15405 cover?
Section 15405 ("Filing Fee for Annual Statement: Penalty.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 15405?
A common citation format is "Guam Code Annotated § 15405" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 15405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.