Made available by
Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.
You can also go to The Alaska Legal Resource Center or search the entire website search.
|
(a) The board will, in its discretion, issue a certificate of self-insurance to a joint venture if the partner with the majority interest in the joint venture is self-insured or qualified to be self-insured in this state and guarantees the workers' compensation obligations of the joint venture. In general, the joint venture must meet all the requirements of this chapter, and in addition
(1) the agreement under which the joint venture will operate must accompany the application for self-insurance;
(2) the application must be filed with the board at least 60 days before the desired effective date when one partner is currently self-insured or at least 90 days before that date when there is no self-insured partner; and
(3) each partner in the joint venture must submit the financial information required by 8 AAC 46.020(a) (3).
(b) The board will, in its discretion, and for good cause, waive the requirement of 8 AAC 46.010(a) (6).
(c) The requirements of 8 AAC 46.010(a) (3) and 8 AAC 46.020(d) do not apply to a joint venture.
(d) The combined financial statements of the partners and the factors listed in 8 AAC 46.030 will be used in considering the application for self-insurance.
(e) A certificate of self-insurance of a joint venture is valid only for the employees of the joint venture and not the employees of any of the partners of the joint venture. Any change of partners in the joint venture or any change in a partner's percentage of ownership in the joint venture must be reported to the board within 30 days.
(f) In addition to the other requirements of this chapter, an application for renewal of a certificate of self-insurance of a joint venture must be accompanied by the most recent audited financial statement of the joint venture.
(g) A joint venture must give the board at least 60 days' written notice before termination of the joint venture. The notice must include the arrangements that have been or will be made to process present and future claims for which the joint venture is or may be responsible.
History: Eff. 11/20/83, Register 88
Authority: AS 23.30.005
Note to HTML Version:
The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.
If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.
Last modified 7/05/2006