Sec. 28.20.430. Default by nonresident insurer.
If an insurance carrier not authorized to transact business in this state, but qualified to furnish proof of financial responsibility in this state, defaults in an undertaking or agreement, the department may not accept as proof a certificate of the carrier whether previously filed or thereafter tendered as proof, so long as the default continues.
Sec. 28.20.440. Motor vehicle liability policy defined; required provisions.
(a) In this chapter, “motor vehicle liability policy” means an “owner policy” or an “operator’s policy” containing an agreement or endorsement as provided in this section, or certified as provided in AS 28.20.410 or 28.20.420 as proof of financial responsibility for the future, and issued, except as otherwise provided in AS 28.20.420, by an insurance […]
Sec. 28.20.445. Uninsured and underinsured motorists coverage.
(a) The maximum liability of the insurance carrier under the uninsured and underinsured motorists coverage required to be offered under AS 28.20.440 shall be the lesser of (1) the difference between the amount of the covered person’s damages for bodily injury and property damage and the amount paid to the covered person by or for […]
Sec. 28.20.450. Notice of cancellation or termination of certified policy.
When an insurance carrier certifies a motor vehicle liability policy under AS 28.20.410 or 28.20.420 the insurance certified may not be cancelled or terminated until at least 10 days after a notice of cancellation or termination of the insurance is filed with the department, except that a policy subsequently procured and certified shall, on the […]
Sec. 28.20.460. Chapter not to affect other policies.
(a) This chapter does not apply to or affect a policy of automobile insurance against liability that may now or hereafter be required by any other law of this state, except that the policy, if it contains an agreement or is endorsed to conform with the requirements of this chapter, may be certified as proof […]
Sec. 28.20.470. Bond as proof.
Proof of financial responsibility may be evidenced by the bond of a surety company authorized to transact business in this state. The bond shall be conditioned for payment of the amounts specified in AS 28.20.230. The bond shall be filed with the department and may not be cancellable except after 10 days’ written notice to […]
Sec. 28.20.480. Action on bond.
If a judgment given against the principal on a bond is not satisfied within 30 days after it becomes final, the judgment creditor may, for the use and benefit and at the sole expense of the judgment creditor, bring an action in the name of the state against the company executing the bond.
Sec. 28.20.500. Owner may give proof for others.
(a) The owner of a motor vehicle may give proof of financial responsibility on behalf of the owner’s employee or a member of the owner’s immediate family or household. The furnishing of proof in this manner permits the person for whom it is given to operate a motor vehicle covered by the proof. The department […]
Sec. 28.20.190. Custody of security.
The department shall place security deposited with it in the custody of the Department of Revenue.
Sec. 28.20.340. Driving while license cancelled, suspended, or revoked.
Upon receiving a record of the conviction of a person for driving a vehicle while the person’s license was suspended, the department shall immediately suspend the registration of every vehicle registered in the person’s name until the person gives proof of financial responsibility for the future for each vehicle registered in the person’s name.