What is the penalty for late filing an annual report for a self-insurer?

• A. Interest on late payment
• B. Penalty for failure to file annual report
• C. Administrative penalty
• D. Late filing fee

Answer: (B)

When you’re dealing with California self-insurance plans, filing the annual report on time is a mandatory duty. If that report isn’t filed by the due date, the statute imposes a specific consequence named the penalty for failure to file annual report. This is the exact sanction tied to missing the filing requirement, making it the most accurate description of the consequence in this context.

The other options describe different financial consequences (interest on late payments) or broader enforcement tools (administrative penalties, or a generic late filing fee), but they do not capture the explicit penalty that applies specifically for not submitting the annual report.