Section 11-907. Place of business to be reported

Every insurer, on or before
  the  first  day of March in each year, and as often in each year as such
  insurer shall change its  principal  place  of  business  or  change  or
  terminate  any  office or place of business in the city, shall report in
  writing, to the commissioner of finance, the location of  its  principal
  place  of business and any new principal place of business or of any new
  office or place of business in the city or of  the  termination  of  any
  such  office  or  place  of  business.  In  the  event of such change or
  termination, such report shall be made no later than fifteen days  after
  such  change  or  termination. Any insurer who fails or neglects to make
  such report within the time limited  therefor  shall  be  subject  to  a
  penalty  of  one hundred dollars and, in addition thereto, fifty dollars
  for each month or part thereof during which such report is not made. The
  total of such penalties shall not exceed one thousand dollars.