12 AAC 75.220. Proof of financial responsibility

(a) At the time of application for initial licensure or license renewal for a licensing period that begins on or after January 1, 1997, an applicant for a registered guide license shall complete the financial responsibility section of the application form. The applicant shall indicate whether the applicant will contract to guide or outfit a big game hunt during the licensing period for which the applicant is applying.

(b) If the applicant will contract to guide or outfit a big game hunt, the applicant shall

(1) certify that the applicant has and will maintain during the licensing period, assets, general liability insurance, or a bond totaling at least a minimum of $100,000 that will be available for payment of a judgment against the applicant resulting from the applicant's big game hunting services;

(2) list the assets, insurance, or bond, including, if applicable,

(A) a description of the assets, their fair market value less any liens, identification of any liens against the assets, and the location of the assets;

(B) the name of the company issuing the insurance or bond, the policy or bond number, and the amount and type of coverage supplied by the insurance or bond.

(c) A registered guide who indicated on the application for initial license or renewal that the registered guide would not contract to guide or outfit a big game hunt shall notify the department and provide the information required in (b) of this section before the registered guide may contract to guide or outfit a big game hunt.

(d) A registered guide shall notify the department within 10 days of any change to the information reported under (b) of this section.

(e) The department will, in its discretion, require additional documentation to substantiate the information provided in (b) of this section before approving an applicant for initial licensure or license renewal.

History: Eff. 5/24/96, Register 138; am 10/19/96, Register 140

Authority: AS 08.54.600

AS 08.54.610

AS 08.54.680

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