(a) A group which violates any provision of this Part, or fails to comply with any requirement set forth in this Part, except failure to timely submit any report required by section 317.19 of this Part, may be subject, upon notice and an opportunity to be heard, to a civil penalty of up to $2,500 for each violation or instance of noncompliance, payable by the group into the fund created by section 151 of the Workers' Compensation Law.

(b) A group which fails to timely submit any report required by section 317.19 of this Part may be subject, upon notice and an opportunity to be heard, to a civil penalty of $500 per day for each day during which it refuses or neglects to submit such report, payable by the group into the fund created by section 151 of the Workers' Compensation Law.