8 AAC 98.370. Responsibilities of a licensee

The responsibilities of a licensee include

(1) operating the facility in accordance with laws relating to vending facilities, public health, taxes, compensation of employees, worker's compensation, insurance, civil rights, and fire and safety codes;

(2) maintaining business accounts and records separate from personal accounts;

(3) maintaining a commercial bank account in which all funds not required as cash on hand are deposited;

(4) making payment for all business expenses in a timely fashion;

(5) retaining receipts for goods and services bought for the business;

(6) submitting accurate and timely reports to the division; and

(7) obtaining and maintaining personal and property damage liability insurance, naming the State of Alaska as an additional insuree, with limits of $100,000 for each person and $300,000 for each occurrence, and insurance against loss by fire or other hazard of the vending facility property.

History: Eff. 7/17/83, Register 87

Authority: AS 23.15.020 (c)

AS 23.15.100 (b)

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