MLR1PP10120 - Penalty Guidance: The penalty reduction matrix: Table 3
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OR SECTION 2 Table 3 |
A mistake or misinterpretation. |
A failure to take reasonable steps |
A deliberate failure to comply with the regulations. |
A deliberate failure to comply with the regulations with concealment. |
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Reduction for prompted full disclosure and revised maximum civil penalty |
No further reduction. |
A further reduction of 20%. |
A reduction of 20%. |
A reduction of 20%. |
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Financial penalty has already been reduced to nil. |
If this is your first penalty the penalty will be reduced to 10% of the starting penalty. If this is your second penalty the penalty will be reduced to 30% of the starting penalty. If this is your third penalty the penalty will be reduced to 50% of the starting penalty. |
The maximum penalty will be reduced to 80% of the starting penalty. |
The maximum penalty will be reduced to 80% of the starting penalty. |
