Made available by
Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.
You can also go to The Alaska Legal Resource Center or search the entire websitesearch.
(a) At the time of application for initial licensure or license renewal for a licensing period that begins on or after January 1, 1997, an applicant for a transporter license shall complete the financial responsibility section of the application form.
(b) The applicant shall
(1) certify that the applicant has and will maintain during the licensing period, assets, general liability insurance, or a bond totaling at least a minimum of $100,000 that will be available for payment of a judgment against the applicant resulting from the applicant's transportation services;
(2) list the assets, insurance, or bond, including, if applicable,
(A) a description of the assets, their fair market value less any liens, identification of any liens against the assets, and the location of the assets;
(B) the name of the company issuing the insurance or bond, the policy or bond number, and the amount and type of coverage supplied by the insurance or bond.
(c) A transporter shall notify the department within 10 days of any change to the information reported under (b) of this section.
(d) The department will, in its discretion, require additional documentation to substantiate the information provided in (b) of this section before approving an applicant for licensure or license renewal.
History: Eff. 10/19/96, Register 140
Authority: AS 08.54.600
Note to HTML Version:
The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.
If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.
Last modified 7/05/2006