Sec. 21.57.150. Penalties.

289 words·~1 min read·/ak/title-21/chapter-57/21-57-150

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.