The legislature is concerned over the rising toll of motor vehicle accidents and the suffering and loss inflicted by them. The legislature determines that it is a matter of grave concern that motorists be financially responsible for their negligent acts so that innocent victims of motor vehicle accidents may be recompensed for the injury and […]
(a) The department shall administer and enforce this chapter and may adopt regulations necessary for its administration. (b) The department shall receive and consider any pertinent information upon request of persons aggrieved by its orders or acts under this chapter. (c) The department shall prescribe and provide suitable forms requisite or considered necessary to carry […]
(a) The provisions of this chapter requiring deposit of security and suspension for failure to deposit security apply to the driver and owner of a vehicle subject to registration under the laws of this state that is involved in any manner in an accident in this state resulting in bodily injury to or death of […]
The requirements as to security and suspension in this chapter do not apply to (1) the driver or owner if the owner had in effect at the time of the accident an automobile liability policy or bond with respect to the vehicle involved in the accident, except that a driver is not exempt if at […]
(a) A policy or bond is not effective under AS 28.20.060 unless it is issued by an insurance company or surety company authorized to do business in this state, except as provided in (b) of this section, and if the accident resulted in bodily injury or death, unless the policy or bond is subject to […]
(a) The security required by this chapter must be in the form and amount the department requires, but in no case in excess of the limits specified in AS 28.20.070 for the acceptable limits of a policy or bond. (b) Every depositor of security shall designate in writing the person in whose name the deposit […]
(a) If a person required to deposit security under this chapter fails to deposit security within 10 days after the department sends notice, the department shall suspend (1) the license of each driver involved in the accident; (2) the privilege of operating a vehicle subject to registration if the driver is a nonresident; (3) the […]
(a) A person is relieved from the requirement for deposit of security for the benefit or protection of another person injured or damaged in the accident if the person is released from liability by the other person. (b) A covenant not to sue relieves the parties to it as to each other from the security […]
A person is relieved from the requirement for deposit of security for a claim for injury or damage arising out of the accident if the person is finally adjudicated not to be liable for the claim.
(a) Two or more persons involved in or affected by an accident as described in AS 28.20.050 may at any time enter into a written agreement for the payment of an agreed amount with respect to their claims because of bodily injury, death, or property damage arising from the accident. The agreement may provide for […]
The payment of a judgment arising out of an accident, or the payment upon judgment of an amount equal to the maximum amount that could be required for deposit under this chapter, for the purposes of this chapter, releases the judgment debtor from the liability evidenced by the judgment.
If satisfied as to the existence of a fact that under AS 28.20.100 – 28.20.130 entitles a person to be relieved from the security requirements, the department may not require the deposit of security and shall terminate a previous order of suspension in respect to the person, and shall immediately return the deposit to the […]
(a) Unless a suspension is terminated under other provisions of this chapter, an order of suspension by the department remains in effect until terminated and a license may not be renewed or issued to a person whose license is suspended until proof of financial responsibility for the future is provided and (1) the person deposits […]
(a) If a driver or owner of a vehicle subject to registration under the laws of this state involved in an accident in this state does not have a license or registration in this state, then the driver may not be licensed, nor may the owner register a vehicle in this state until the person […]
The department may reduce the amount of security ordered within six months after the date of the accident if in its judgment the amount is excessive. If the security originally ordered is on deposit, the excess deposit over the reduced amount ordered shall be returned immediately to the depositor or the personal representative of the […]
If the department takes action or fails to take action under this chapter due to erroneous information or no information, upon receiving correct information within one year after the date of an accident the department shall take appropriate action to carry out the purposes and effect of this chapter. However, this section does not require […]
The department shall place security deposited with it in the custody of the Department of Revenue.
(a) The security deposited is available only for (1) the payment of a settlement agreement covering a claim arising out of the accident upon instruction of the person who made the deposit, or (2) the payment of a judgment given against the person required to make the deposit for damages arising out of the accident […]
(a) Upon the expiration of two years from the date of deposit of security, the security remaining on deposit shall be returned to the person who made the deposit or the person’s personal representative if an affidavit or other evidence satisfactory to the department is filed with it showing that (1) no action for damages […]
The report required after an accident, the action taken by the department under this chapter, the findings, if any, of the department upon which its action is based, and the security filed may not be referred to, and may not be evidence of the negligence or due care of either party, at the trial of […]
