(a) An insurer shall pay to the division $100 for each day the insurer fails to file a report, and $1,000 for each day the insurer fails to file a plan or revised plan in conformance with the requirements of this chapter.
(b) If a report, plan, or revised plan has not been filed in conformance with the requirements of this chapter, the director may, as provided
(1) under AS 21.09.150 , AS 21.84.535 , AS 21.86.190 , or AS 21.87.110 , as applicable to a particular insurer, suspend the authority of an insurer to enter into new obligations or issue a new or renewal policy of insurance in this state; or
(2) under AS 21.34.070 , declare a surplus lines insurer ineligible to transact business in this state.
Section: Previous 21.14.015 21.14.020 21.14.030 21.14.040 21.14.050 21.14.060 21.14.070 21.14.080 21.14.090 21.14.100 21.14.110 21.14.120 21.14.130 21.14.200 NextLast modified: November 15, 2016