Alaska Statutes.
Title 21. Insurance
Chapter 23. Risk Management; Own Risk and Solvency Assessment
Section 70. Penalties.
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AS 21.23.070. Penalties.

An insurer shall pay $1,000 for each day the insurer fails to file the report within the time required in AS 21.23.030(a), not to exceed $365,000. The director may reduce the penalty under this section if the insurer demonstrates to the director that the imposition of the penalty is a financial hardship to the insurer.

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