9 AAC 14.900. Definitions

(a) In this chapter,

(1) "affiliated company" means any company that will engage in business transactions with buyers relating to sales solicited by the telephonic seller, or which accepts responsibility for the acts or statements made by the telephonic seller relating to sales made or solicited by the telephonic seller;

(2) "owner" means a person who owns or controls 10 percent or more of the net income of a telephonic seller;

(3) "parent company" means a business entity that has authority to control the appointment of officers or managers of the telephonic seller by reason of being an owner of the telephonic seller;

(4) the term "sound recording" in AS 45.63.080 (10) includes video recordings when the video recording has an audio component.

(b) In AS 45. and in this chapter, the sale of "property or services" does not include a transaction:

(1) when the only consideration for the money spent by the buyer is participation in a telephone conversation;

(2) initiated by a written communication addressed to "boxholder," "occupant," "resident," or similar generic description of the intended recipient and no individual person, institution, or business organization is named anywhere in the written communication in a manner that identifies the individual person, institution or business enterprise as the intended recipient; or

(3) initiated by a communication in newspapers, magazines, and other publications unless they are directed to one or more persons, institutions, or business organizations by name, specifically advising, requesting, motivating, or otherwise encouraging that specific person, institution, or business organization to contact the seller by telephonic means.

History: Eff. 3/19/94, Register 129

Authority: AS 45.63.010

AS 45.63.090

AS 45.63.100

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