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2020 Alaska Statutes
Title 21. Insurance
Chapter 23. Risk Management; Own Risk and Solvency Assessment
Sec. 21.23.070. Penalties.
Universal Citation: AK Stat § 21.23.070 (2020)
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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