Alaska Statutes (Last Updated: January 11, 2017) |
Title 21. INSURANCE. |
Chapter 21.27. PRODUCERS, AGENTS, ADMINISTRATORS, BROKERS, ADJUSTERS, AND MANAGERS. |
Article 21.27.01. LICENSING. |
Section 21.27.430. Suspensions and revocations.
Latest version.
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(a) An order suspending a license shall specify the period during which the license is suspended. A period of suspension may not exceed 12 months.
(b) An order revoking a license shall specify the period during which the person may not seek to be licensed in this state or licensed relative to a subject resident, located, or to be performed in this state.
(c) In addition to any other penalty provided by law, a person whose license has been suspended or revoked shall pay a penalty equal to all or a portion of the compensation received during the suspension or revocation relating to the transaction of insurance.
Notes
History
(Sec. 1 ch 120 SLA 1966; am Sec. 90 ch 67 SLA 1992)