Sec. 06.65.060. Investment oversight.
The department shall (1) oversee and approve the selection of investment managers and advisors for the program; (2) oversee all aspects of the program’s investments and investment performance and decisions regarding the investment of program assets; and (3) oversee all investment disclosure documents and regulatory filings related to program investments.
Sec. 06.65.070. Financial contractor obligations.
In addition to any other obligations imposed by the contract with the department, if the department enters into a contract with a person to provide program accounts, the financial contractor shall (1) provide program accounts that comply with the federal authorizing law; (2) take the action necessary to keep the program in compliance with the […]
Sec. 06.65.080. Additional audits.
In addition to the annual audit required by AS 06.65.020(a)(5), the department may require a financial contractor to have an audit conducted of the financial contractor’s operations and financial position when the department is concerned about the financial position, the record-keeping practices, or the status of the program accounts of the financial contractor.
Sec. 06.60.890. Application to Internet activities.
This chapter applies to a person even if the person is engaging in the activities regulated by this chapter by using an Internet website from within or outside the state.
Sec. 06.65.090. Contract termination; nonrenewal.
The department may terminate or fail to renew a financial contract. If the department terminates or does not renew a contract with a financial contractor, the department shall take custody of the program accounts held by the financial contractor and transfer the program accounts to another financial contractor as soon as possible and into program […]
Sec. 06.60.895. Effect of revocation, suspension, or surrender of license.
The revocation, suspension, or surrender of a license does not impair or otherwise affect the rights or obligations of a preexisting lawful contract between the licensee and a borrower.
Sec. 06.65.100. Eligible individuals.
To be eligible for a program account, when an individual or the individual’s representative establishes the program account or makes a distribution to another program account under AS 06.65.200, the individual must be (1) entitled to benefits based on blindness or disability under 42 U.S.C. 401 – 434 or 42 U.S.C. 1381 – 1383f, and […]
Sec. 06.60.900. Applicability of administrative procedures.
Notwithstanding AS 06.01.030(f), the provisions of AS 44.62 (Administrative Procedure Act) apply to an action of the department to deny, revoke, or suspend a license or registration under this chapter, to censure, suspend, or bar a person under AS 06.60.410, to take other disciplinary action under this chapter, to hold disciplinary hearings, and to issue […]
Sec. 06.65.110. Representative of eligible individual.
(a) A person may act as the representative of an eligible individual under this chapter if the eligible individual is a minor or lacks decision-making capacity and if the person is (1) a parent, guardian, or conservator of the eligible individual; in this paragraph, (A) “conservator” has the meaning given in AS 13.06.050; (B) “guardian” […]
Sec. 06.60.905. Untrue, misleading, or false statements.
A person may not, in a document filed with the department or in an examination, an investigation, a hearing, or another proceeding under this chapter, make or cause to be made an untrue statement of a material fact, or omit to state a material fact necessary in order to make the statement made, in the […]