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Unless the department waives the requirement after considering the risks associated with the activity planned, the permittee shall secure, and maintain in force during the term of the permit, insurance in the amount and of a type that the department determines necessary to protect the permittee and the state. A certificate of insurance must be furnished to the department before issuance of the permit and must provide for a 30-day notice in the event of cancellation, nonrenewal, or material change of condition. All insurance policies must comply with AS 21 and be issued by insurers licensed to transact the business of insurance under AS 21. The state shall be listed as an additional named insured on the policy.
History: Eff. 12/7/2002, Register 164
Authority: AS 38.05.020
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Last modified 7/05/2006