What could be a potential consequence of failing to adhere to reporting regulations after an accident?

Failing to adhere to reporting regulations after an accident can lead to legal penalties or fines. Reporting regulations are established to ensure that accidents are documented and investigated appropriately, which helps maintain public safety and accountability. When an individual or organization does not follow these regulations, they may be in violation of the law, which can result in various consequences such as fines imposed by regulatory bodies or legal actions. This serves to uphold the integrity of traffic laws and ensure that all parties involved in an incident can be held accountable for their actions. Furthermore, such violations can undermine the arbitration process and contribute to broader safety concerns on the roads.