12 AAC 64.610 - Time for filing certification of equivalent coverage
(a) A licensee that
obtains equivalent coverage under
AS
08.88.172(c) must file a
certification of insurance showing equivalent coverage with the commission with
the application to obtain or renew a license.
(b) A licensee substituting coverage under
the master insurance policy made available by the commission under
AS
08.88.172(c) with equivalent
coverage or substituting equivalent coverage policy with another policy must
file a certification of equivalent coverage with the commission prior to 5:00
p.m. on the date the licensee cancels coverage under the master insurance
policy made available by the commission or cancels coverage under the
equivalent insurance policy that is being substituted for another equivalent
coverage policy.
(c) If the
certification is not filed as required by this section, the commission will
deny the application to obtain or renew a license or suspend the existing
license.
Notes
Authority:AS 08.88.071
AS 08.88.081
AS 08.88.171
AS 08.88.172
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