The commission may require a lessee to procure and furnish liability and property damage insurance from a company licensed to do business in the state or furnish other security or undertaking upon the terms and conditions the commission considers necessary if the commission finds that the net assets of the lessee are insufficient to protect the public from damage for which the lessee may be liable arising out of the construction or operation of the pipeline.
Structure Alaska Statutes
Title 42. Public Utilities and Carriers and Energy Programs
Article 2. Certificate of Public Convenience and Necessity.
Sec. 42.06.240. Certificate required; special requirements for North Slope natural gas.
Sec. 42.06.245. Federally regulated carriers.
Sec. 42.06.260. Public hearings.
Sec. 42.06.270. Grant or denial of application.
Sec. 42.06.280. Insurance and security.
Sec. 42.06.286. Pipeline carrier regulatory cost charge.
Sec. 42.06.290. Abandonment; discontinuance, and suspension of service.
Sec. 42.06.300. Modification, suspension, or revocation of certificates.