There is a newer version of the Alaska Statutes
1996 Alaska Statutes
TITLE 21 INSURANCE
Chapter 21.09. AUTHORIZATION OF INSURERS AND GENERAL REQUIREMENTS
Sec. 21.09.260. Penalties.
An insurer that the director determines, following an appropriate hearing as provided in AS 21.06.170 - 21.06.230, has violated the provisions of AS 21.09.250 is subject to a civil penalty of not more than $2,500 for each violation. The director may suspend or revoke the license of the insurer for a violation of AS 21.09.250 , but violation does not invalidate the insurance contract.
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