# Alaska Stat. § 21.23.070: Penalties

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.070

## Section

- **Citation:** Alaska Stat. § 21.23.070
- **Heading:** Penalties
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 21 / Chapter 21.23 / Section 21.23.070

## 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.

## Nearby sections

- [Alaska Stat. § 21.23.010 Risk management framework.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.010.md)
- [Alaska Stat. § 21.23.020 Own risk and solvency assessment requirement.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.020.md)
- [Alaska Stat. § 21.23.030 Own risk and solvency assessment summary report.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.030.md)
- [Alaska Stat. § 21.23.040 Exemptions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.040.md)
- [Alaska Stat. § 21.23.050 Contents of own risk and solvency assessment summary report.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.050.md)
- [Alaska Stat. § 21.23.060 Confidentiality.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.060.md)
- [Alaska Stat. § 21.23.070 Penalties.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.070.md)
- [Alaska Stat. § 21.23.080 Regulations.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.080.md)
- [Alaska Stat. § 21.23.090 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.090.md)
- [Alaska Stat. § 21.23.240 Purpose and construction.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.240.md)
- [Alaska Stat. § 21.23.250 Risk assessment.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.250.md)
- [Alaska Stat. § 21.23.260 Information security program.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.260.md)
- [Alaska Stat. § 21.23.270 Investigation of cybersecurity event.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.270.md)
- [Alaska Stat. § 21.23.280 Notification of cybersecurity event.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.280.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T21_C21.23_S21.23.070. Check the current official text before relying on it. Not legal advice.