MLR1PP10130 - Penalty Guidance: The penalty reduction matrix: Table 4
|
OR SECTION 2 Table 4 |
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. |
|
Reduction for prompted partial disclosure and revised maximum civil penalty |
No further reduction. |
A further reduction of 10%. |
A reduction of 10%. |
A reduction of 10%. |
|
|
Financial penalty has already been reduced to nil. |
If this is your first penalty the penalty will be reduced to 20% of the starting penalty. If this is your second penalty the penalty will be reduced to 40% of the starting penalty. If this is your third penalty the penalty will be reduced to 60% of the starting penalty. |
The maximum penalty will be reduced to 90% of the starting penalty. |
The maximum penalty will be reduced to 90% of the starting penalty. |
