Alaska Statutes Sec. 21.69.060 - Solicitation Permit

(a) A person forming or proposing to form in this state an insurer, or insurance holding corporation, or stock corporation to finance an insurer or insurance production therefor, or corporation to manage an insurer, or corporation to be attorney-in-fact for a reciprocal insurer, or a syndicate for any of these purposes, may not advertise, or solicit or receive any funds, agreement, stock subscription, or membership on account thereof unless the person has applied for and has received from the director a solicitation permit.

(b) A person determined by the director, following an appropriate hearing as provided in AS 21.06.170 - 21.06.230, to have violated this section is subject to a civil penalty of not more than $25,000.

Section: Previous  21.69.010  21.69.020  21.69.030  21.69.040  21.69.050  21.69.060  21.69.070  21.69.080  21.69.090  21.69.100  21.69.110  21.69.120  21.69.130  21.69.140  21.69.150  Next

Last modified: November 15, 2016