Alaska Statutes
Article 1. Licensing.
Sec. 21.27.440. Penalties.

(a) In addition to any other penalty provided by law, a person that the director determines under AS 21.06.170 - 21.06.240 has violated the provisions of this chapter is subject to
(1) a civil penalty equal to the compensation promised, paid, or to be paid, directly or indirectly, to a person in regard to each violation;
(2) either a civil penalty of not more than $10,000 for each violation or a civil penalty of not more than $25,000 for each violation if the director determines that the person wilfully violated the provisions of this chapter; and
(3) denial, nonrenewal, suspension, or revocation of a license.
(b) An order issued by the director that levies a civil penalty shall specify the time period within which the civil penalty must be fully paid. The period may not be less than 15 days or more than one year after the date of the order. Upon failure to pay a civil penalty when due, the director shall revoke, without further hearing, all licenses of the licensee not already revoked.

Structure Alaska Statutes

Alaska Statutes

Title 21. Insurance

Chapter 27. Producers, Agents, Administrators, Brokers, Adjusters, and Managers

Article 1. Licensing.

Sec. 21.27.010. License required.

Sec. 21.27.020. General qualifications for license.

Sec. 21.27.025. Required notice of licensee.

Sec. 21.27.030. Controlled business disqualification.

Sec. 21.27.040. Application for license.

Sec. 21.27.060. Examination of applicants and licensees.

Sec. 21.27.080. Examinations.

Sec. 21.27.100. Appointment of insurance producer, managing general agent, and reinsurance intermediary manager; acts of agent.

Sec. 21.27.110. Term of appointment.

Sec. 21.27.115. Lines of authority.

Sec. 21.27.130. Form and content of licenses.

Sec. 21.27.140. Firm licenses.

Sec. 21.27.150. Limited licenses.

Sec. 21.27.152. Travel insurance.

Sec. 21.27.160. Scope of licenses.

Sec. 21.27.190. Bond.

Sec. 21.27.215. Employment contracts.

Sec. 21.27.270. Licensing of nonresidents.

Sec. 21.27.275. Alien licensees.

Sec. 21.27.330. Place of business.

Sec. 21.27.350. Records of licensees.

Sec. 21.27.360. Reporting and accounting for premiums and premium taxes and fees.

Sec. 21.27.370. Sharing compensation.

Sec. 21.27.380. License renewal, expiration, and reinstatement.

Sec. 21.27.390. Temporary license.

Sec. 21.27.405. Hearing and order on violation.

Sec. 21.27.410. Denial, nonrenewal, suspension, or revocation of licenses.

Sec. 21.27.420. Procedure for suspending, revoking, or conditioning a license.

Sec. 21.27.430. Suspensions and revocations.

Sec. 21.27.440. Penalties.

Sec. 21.27.460. Return of license.