Fine for failing to submit insurance-related materials

In plain language

You must submit accurate insurance documents when requested by the Ministry. Failing to submit them or providing false information carries a fine of up to 5 million KRW.

Requirement as structured

A person who fails to submit insurance-related materials or submits false materials under Article 70, Paragraph 5 shall be subject to an administrative fine (과태료) of up to 5 million KRW.

Original regulatory text

제70조제5항에 따른 자료를 제출하지 아니하거나 거짓으로 자료를 제출한 자