Advertising with us can place you in front of thousands of visitors a day. Learn more!
|
|
|
- Alaska Statutes.
- Title 21. Insurance
- Chapter 57. Consumer Credit Insurance
- Section 150. Penalties.
previous:
Section 140. Judicial Review.
next:
Section 160. Definitions.
AS 21.57.150. Penalties.
- (a) In addition to any other penalty provided by law, a person licensed under AS 21.27 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 the licensee in
regard to a violation;
- (2) either a civil penalty of not more than $10,000 for a violation or, if the director determines that the person
wilfully violated the provisions of this chapter, a civil penalty of not more than $25,000 for a violation; and
- (3) denial, nonrenewal, suspension, or revocation of a license.
- (b) In addition to any other penalty provided by law, an insurer 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 premium earned, directly or indirectly, by the insurer in regard to a violation;
- (2) either a civil penalty of not more than $10,000 for a violation or, if the director determines that the insurer
wilfully violated the provisions of this chapter, a civil penalty of not more than $25,000 for a violation; and
- (3) denial, suspension, or revocation of a certificate of authority.
- (c) In addition to any other penalty provided by law, any person that the director determines under AS 21.06.170
- 21.06.240 has violated the provisions of this
chapter is subject to
- (1) either a civil penalty of not more than $10,000 for a violation or, if the director determines that the person
wilfully violated the provisions of this chapter, a civil penalty of not more than $25,000 for a violation; and
- (2) denial of a license.
All content © 2008 by Touch
N' Go/Bright Solutions, Inc.
Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. 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.