Section 109-A. Administration of fund

The superintendent of insurance may
  adopt, amend and enforce all reasonable rules and regulations  necessary
  for  the  proper  administration  of said fund. In the event any carrier
  shall fail to file any return or  make  any  payment  required  by  this
  article,  or in case the superintendent of insurance shall have cause to
  believe that any return or other statement filed is false or  inaccurate
  in   any  particular,  or  that  any  payment  made  is  incorrect,  the
  superintendent shall have full authority to examine all  the  books  and
  records  of  the  carrier  for the purpose of ascertaining the facts and
  shall determine the correct amount to be paid and  may  proceed  in  any
  court  of  competent jurisdiction to recover for the benefit of the fund
  any sums shown to be due upon such examination  and  determination.  Any
  carrier  which  fails to make any statement as required by this article,
  or to pay any contribution to the fund when due, shall  thereby  forfeit
  to  said  fund  a  penalty  of  five  per centum of the amount of unpaid
  contribution determined to be due as provided by this article  plus  one
  per  centum of such amount for each month of delay, or fraction thereof,
  after  the  expiration  of  the  first  month  of  such  delay  but  the
  superintendent, if satisfied that the delay was excusable, may remit all
  or  any part of such penalty. The superintendent, in his discretion, may
  revoke the certificate of authority to do business in this state of  any
  foreign  carrier  which shall fail to comply with this article or to pay
  any penalty imposed in accordance with this article.