3 AAC 28.595 - Penalties
In addition to other penalties provided by the laws of this state, an insurer and an agent found to have violated a requirement of this state relating to the regulation of long-term care insurance or the marketing of long-term care insurance are subject to a fine of up to three times the amount of the commissions paid for each policy involved in the violation or up to $10, 000, whichever is greater.
Notes
Authority:AS 21.06.090
AS 21.36.020
AS 21.06.025
AS 21.53.090
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