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.
Section: Previous 21.23.010 21.23.020 21.23.030 21.23.040 21.23.050 21.23.060 21.23.070 21.23.080 21.23.090 NextLast modified: November 15, 2016