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Alaska Statutes Title 21. Insurance § 21.27.430. Suspensions and revocations

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) An order suspending a license shall specify the period during which the license is suspended. A period of suspension may not exceed 12 months.

(b) An order revoking a license shall specify the period during which the person may not seek to be licensed in this state or licensed relative to a subject resident, located, or to be performed in this state.

(c) In addition to any other penalty provided by law, a person whose license has been suspended or revoked shall pay a penalty equal to all or a portion of the compensation received during the suspension or revocation relating to the transaction of insurance.

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Cite this article: FindLaw.com - Alaska Statutes Title 21. Insurance § 21.27.430. Suspensions and revocations - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-21-insurance/ak-st-sect-21-27-430/

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