Section 28.20.400. Self-insurers.

   (a) A person in whose name more than 25 vehicles are registered in this state may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the department as provided in (b) of this section. A person in whose name 25 or fewer vehicles are registered qualifies as a self-insurer and shall be issued a certificate of self-insurance if the person provides proof satisfactory to the department that the person has and will continue to have the ability to pay a judgment for property damage, bodily injury, or both, in the amount of at least $125,000.
   (b) The department may issue a certificate of self-insurance when it is satisfied that the person has and will continue to have ability to pay judgments obtained against the person.  The certificate may be issued authorizing a person to act as a self-insurer for either property damage or bodily injury, or both, or within the limits the department prescribes.
   (c) Upon not less than 10 days' notice and a hearing pursuant to the notice, the department may upon reasonable grounds cancel a certificate of self-insurance.  Failure to pay a judgment within 30 days after judgment becomes final is a reasonable ground for the cancellation of a certificate of self-insurance.

Authorities

28.10.021;28.10.041;28.10.051;28.20.060;28.20.390;28.22.011;28.22.021;28.22.041

Notes

References

AS 28.10.021 Application for registration.
AS 28.10.041 Grounds for refusing registration.
AS 28.10.051 Department may suspend or revoke registration.
AS 28.20.060 Exceptions to requirement of security.
AS 28.20.390 Proof by persons who do not own a vehicle.
AS 28.22.011 Motor vehicle liability insurance required; exemptions.
AS 28.22.021 Requirement of proof of motor vehicle liability insurance.
AS 28.22.041 Administrative suspension of drivers' licenses.

History

(Sec. 42 ch 163 SLA 1959; am Sec. 27 ch 108 SLA 1989; am Sec. 37 ch 35 SLA 2003)