(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.
Structure Alaska Statutes
Chapter 20. Motor Vehicle Safety Responsibility Act
Sec. 28.20.010. Declaration of purpose.
Sec. 28.20.020. Administration.
Sec. 28.20.050. Application of chapter.
Sec. 28.20.060. Exceptions to requirement of security.
Sec. 28.20.070. Requirements as to policy or bond.
Sec. 28.20.080. Form and amount of security.
Sec. 28.20.090. Suspension for failure to deposit security.
Sec. 28.20.100. Release from liability.
Sec. 28.20.110. Adjudication of nonliability.
Sec. 28.20.120. Agreements for payment of damages.
Sec. 28.20.130. Payment upon judgment.
Sec. 28.20.140. Termination of security requirement.
Sec. 28.20.150. Duration of suspension.
Sec. 28.20.170. Authority of department to decrease amount of security.
Sec. 28.20.180. Correction of action of department.
Sec. 28.20.190. Custody of security.
Sec. 28.20.200. Disposition of security.
Sec. 28.20.210. Return of deposit.
Sec. 28.20.220. Matters not to be evidence in civil suits.
Sec. 28.20.230. Proof of financial responsibility for the future.
Sec. 28.20.240. Proof required when driving privilege is restricted.
Sec. 28.20.250. Action in respect to unlicensed person.
Sec. 28.20.260. When proof required after accidents.
Sec. 28.20.270. Suspension for nonpayment of judgments.
Sec. 28.20.280. When courts to report nonpayment of judgments.
Sec. 28.20.290. Further action with respect to nonresidents.
Sec. 28.20.300. Exception for government vehicles.
Sec. 28.20.310. Exception when consent granted by judgment creditor.
Sec. 28.20.320. Exceptions when insurer liable.
Sec. 28.20.325. Exemption for certain employee-drivers; applicability to employer.
Sec. 28.20.330. Suspension to continue until judgments paid and proof given.
Sec. 28.20.340. Driving while license cancelled, suspended, or revoked.
Sec. 28.20.360. Payments sufficient to satisfy requirements.
Sec. 28.20.370. Installment payment of judgments; default.
Sec. 28.20.380. Registration and operator's rights limited by extent of proof.
Sec. 28.20.390. Proof by persons who do not own a vehicle.
Sec. 28.20.400. Self-insurers.
Sec. 28.20.410. Certificate of insurance as proof.
Sec. 28.20.420. Certificate furnished by nonresident as proof.
Sec. 28.20.430. Default by nonresident insurer.
Sec. 28.20.440. Motor vehicle liability policy defined; required provisions.
Sec. 28.20.445. Uninsured and underinsured motorists coverage.
Sec. 28.20.450. Notice of cancellation or termination of certified policy.
Sec. 28.20.460. Chapter not to affect other policies.
Sec. 28.20.470. Bond as proof.
Sec. 28.20.480. Action on bond.
Sec. 28.20.500. Owner may give proof for others.
Sec. 28.20.510. Substitution of proof.
Sec. 28.20.520. Other proof may be required.
Sec. 28.20.530. Application of deposit.
Sec. 28.20.540. Duration, cancellation, and return of proof.
Sec. 28.20.550. Transfer of registration to defeat purpose of chapter prohibited.
Sec. 28.20.560. Surrender of license and registration, and false affidavits.
Sec. 28.20.580. Assigned risk plans.
Sec. 28.20.590. Past application of chapter.
Sec. 28.20.600. Chapter does not prevent other process.
Sec. 28.20.610. Provisions of chapter apply throughout state.