8 AAC 46.070 - Revocation
(a) The board may revoke a certificate of
self-insurance based on
(1) failure to comply
with the Act or regulations adopted under the Act;
(2) failure to comply with any legal order of
the board;
(3) deterioration of
financial condition adversely and materially affecting the self-insurer's
ability to pay the self-insurer's obligations under the Act; or
(4) a change in business identity or
structure which materially alters the status of the self-insurer as the
self-insurer existed when the certificate was issued.
(b) If replacement coverage has not been
obtained, the board will deny a renewal application or revoke a certificate of
self-insurance if
(1) an excess insurance
policy is cancelled or expires; or
(2) a security deposit's current market value
drops below the value required by the board.
Notes
Authority:AS 23.30.005
AS 23.30.075
AS 23.30.090
AS 44.31.020
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.