Alaska Statutes: AS 21.14.100. Penalty For Violation.

Alaska Statutes. Title 21. Insurance Chapter 14. Risk Based Capital For Insurers Section 100. Penalty For Violation.

previous: Section 90. Confidentiality; Restrictions On Use.
next: Section 110. Exemptions.

AS 21.14.100. Penalty For Violation.

   (a) An insurer shall pay to the division $100 for each day the insurer fails to file a report, and $1,000 for each day the insurer fails to file a plan or revised plan in conformance with the requirements of this chapter.
   (b) If a report, plan, or revised plan has not been filed in conformance with the requirements of this chapter, the director may, as provided
        (1) under AS 21.09.150, AS 21.84.535, AS 21.86.190, or AS 21.87.110, as applicable to a particular insurer, suspend the authority of an insurer to enter into new obligations or issue a new or renewal policy of insurance in this state; or
        (2) under AS 21.34.070, declare a surplus lines insurer ineligible to transact business in this state.

This version of the Alaska Statutes is current through December, 2022. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.