(a) On the complaint of a person or on the motion of the director, the director may conduct an investigation to determine whether a person has violated this chapter.
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Terms Used In Alaska Statutes 21.27.405

  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
(b) If the director determines that a person has violated this chapter, the director shall serve an order upon the person charged requiring that person to cease and desist from engaging in the act or practice. A person aggrieved by the cease and desist order may demand a hearing under Alaska Stat. § 21.06.170 – 21.06.240.
(c) If the director believes that a person has violated a cease and desist order issued under (b) of this section, the director may certify the relevant facts to the superior court for proceedings under Alaska Stat. § 44.62.590. In addition to the penalties and remedies provided for in Alaska Stat. § 44.62.590, the superior court, upon finding that the cease and desist order has been violated, may order the violator to comply with the order, pay a penalty of not more than $100,000 for each violation, revoke or suspend the violator’s license, and bar the violator from transacting the business of insurance in the future.
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