Current as of April 21, 2021 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.23.070. Penalties - last updated April 21, 2021 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-23-070.html
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