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(a) The security deposit required by AS 28.20.050 must be in the form of a certified cashier's check or money order in the amount specified by the department and must be payable to the State of Alaska.
(b) A person who deposits security shall specify in writing each person in whose name the deposit is made.
(c) Either the driver or the owner may deposit a single security on behalf of both the driver and owner by specifying in writing the names of both and, as long as the deposit remains on deposit in behalf of both, both are considered to have fulfilled the requirement of security.
(d) Security must be deposited with the department within 30 days after the notice to post security was postmarked or delivered in person.
History: Eff. 12/31/69, Register 31; am 1/26/79, Register 69
Authority: AS 28.20.020
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Last modified 7/05/2006