Insurance-focused political group fined $5,500 after decade of failed disclosure
The Alaska Public Offices Commission voted Wednesday to fine an insurance-focused political action committee $5,500 to settle a complaint that it failed to register with the commission for more than a decade and for two years accepted contributions that violated state law.
According to APOC’s report, “Over the 14-year period of non-reporting, INSURPAC had completely fallen off APOC staff’s radar. If not self-reported, INSURPAC’s violations may have remained undetected.”
The maximum possible fine for the violations was $448,950, but APOC reduced that fine by 98.8%, in line with past commission practice. The action was taken during a regular meeting Wednesday. Several other possible fines on other organizations were considered, but no action on those fines was announced Wednesday. Under APOC’s procedures, decisions on those fines will be announced in the coming weeks.
The Public Offices Commission is the state’s campaign finance regulator.
Read more: https://www.adn.com/politics/2019/09/19/insurance-focused-political-group-fined-5500-after-decade-of-failed-disclosure/
(Anchorage Daily News)
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