(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 licensee in regard to each violation; and
(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.
(b) A violation of this chapter is cause for denial, nonrenewal, suspension, or revocation of a license.
Structure Alaska Statutes
Chapter 34. Surplus Lines Insurance
Sec. 21.34.020. Placement of surplus lines insurance.
Sec. 21.34.025. Subscription policies or joint underwriting in combination with admitted insurers.
Sec. 21.34.030. Workers' compensation insurance.
Sec. 21.34.035. Health care insurance.
Sec. 21.34.040. Eligible surplus lines insurers required.
Sec. 21.34.050. Listing eligible surplus lines insurers.
Sec. 21.34.060. Other nonadmitted insurers.
Sec. 21.34.070. Declaration of ineligibility.
Sec. 21.34.080. Transaction report; evidence of insurance.
Sec. 21.34.090. Surplus lines association.
Sec. 21.34.100. Evidence of insurance.
Sec. 21.34.110. Surplus lines broker's duty to notify insured.
Sec. 21.34.120. Validity of surplus lines contracts.
Sec. 21.34.130. Effect of payment to surplus lines broker.
Sec. 21.34.150. Surplus lines brokers may accept business from other brokers.
Sec. 21.34.170. Quarterly reports, summary of exported business.
Sec. 21.34.180. Surplus lines tax.
Sec. 21.34.200. Collection of taxes and fees.
Sec. 21.34.220. Actions against surplus lines insurer; service of process.