An insurer that the director determines, following an appropriate hearing as provided in AS 21.06.170 - 21.06.230, has violated the provisions of AS 21.09.250 is subject to a civil penalty of not more than $2,500 for each violation. The director may suspend or revoke the license of the insurer for a violation of AS 21.09.250 , but violation does not invalidate the insurance contract.
Section: Previous 21.09.207 21.09.210 21.09.220 21.09.242 21.09.245 21.09.247 21.09.250 21.09.260 21.09.270 21.09.280 21.09.290 21.09.300 21.09.310 21.09.320 NextLast modified: November 15, 2016