3 AAC 23.750. Bail bond limited producer license required

(a) A person may not act in the capacity of a bail bond limited producer or perform any of the functions of a bail bond limited producer unless the person is licensed for and meets the requirements of AS 21.27.150 and acts on behalf of a surety insurer or limited surety insurer. Except for clerical and administrative duties, an unlicensed person may not perform the duties of a licensed bail bond limited producer.

(b) To avoid unfair competition in accordance with AS 21.36.150 (d), law enforcement personnel, adjudication and prosecution officials and their employees, officials authorized to admit bail, and state, borough, and city officers may not be licensed to execute bail bonds or receive any benefits from the execution of any bail bond.

(c) The provisions of AS 21.27, AS 21.36, and 3 AAC 23.745 - 3 AAC 23.859 do not apply to a person who is licensed as and performing the duties of an attorney at law.

History: Eff. 12/18/92, Register 124

Authority: AS 21.06.090

AS 21.27.010

AS 21.27.150

AS 21.36.150

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