Alaska Statutes: AS 21.34.230. Penalties.

Alaska Statutes. Title 21. Insurance Chapter 34. Surplus Lines Insurance Section 230. Penalties.

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AS 21.34.230. Penalties.

   (a) In addition to any other penalty provided by law, a person that the director determines under AS 21.06.170 - 21.06.240 has violated the provisions of this chapter is subject to
        (1) a civil penalty equal to the compensation promised, paid or to be paid, directly or indirectly, to a licensee in regard to each violation; and
        (2) either a civil penalty of not more than $10,000 for each violation or a civil penalty of not more than $25,000 for each violation if the director determines that the person wilfully violated the provisions of this chapter.
   (b) A violation of this chapter is cause for denial, nonrenewal, suspension, or revocation of a license.

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