(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 NextLast modified: November 15, 2016