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