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Code · Alaska · Title 21 · Chapter 23

Sec. 21.23.070. Penalties.

59 words·~1 min read·/ak/title-21/chapter-23/21-23-070

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Sec. 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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