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AK Code › Title 21 › Chapter 21.23 › Section 21.23.070

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

Text

An insurer shall pay $1,000 for each day the insurer fails to file the report within the time required in AS 21.23.030 (a), not to exceed $365,000. The director may reduce the penalty under this section if the insurer demonstrates to the director that the imposition of the penalty is a financial hardship to the insurer.

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