Guam § 15807 - Penalty for Failure to File Statement and Pay Tax:

§ 15807. Penalty for Failure to File Statement and Pay Tax:

Action for Recovery: Revocation of License: Conditions

Prerequisite to Reissuance.

(a) Every such broker or agent who fails or refuses to make

and file said annual statement, and to pay the taxes required to be

paid thereon prior to the first day of July after such tax is due, shall

be liable for a fine of twenty-five dollars ($25.00) for each day of

said delinquency.

(b) Such tax and fine may be recovered in an action to be

instituted by the Commissioner in the name of the territory, the

attorney general representing him, in any court of competent

jurisdiction, and the fine, when so collected, shall be paid to the

credit of the general fund.

(c) [No text.]

(1) If any such broker or agent shall fail to make and file

said annual statement and pay the said taxes, or

(2) shall refuse to allow the Commissioner to inspect

and examine his records of the business transacted by him

pursuant to this section, or

(3) shall fail to keep such records in manner as required

by the Commissioner, or

(4) shall refuse or neglect to immediately notify the

insurance company for whom he has placed, registered or

delivered a policy, of the commencement of any action or

proceeding in any court against such company,

the license of such broker or agent shall be immediately revoked

by the Commissioner, and no license shall be issued to such broker

or agent within one (1) year from the date of such revocation, nor

until all such taxes and fines are paid, and the Commissioner shall

be satisfied that full compliance with the provisions of this section

will be had.