Section 8 AAC 46.070 - Revocation(a) The board may revoke a certificate of self-insurance based on (1) failure to comply with the Act or regulations adopted under the Act;(2) failure to comply with any legal order of the board;(3) deterioration of financial condition adversely and materially affecting the self-insurer's ability to pay the self-insurer's obligations under the Act; or(4) a change in business identity or structure which materially alters the status of the self-insurer as the self-insurer existed when the certificate was issued.(b) If replacement coverage has not been obtained, the board will deny a renewal application or revoke a certificate of self-insurance if(1) an excess insurance policy is cancelled or expires; or(2) a security deposit's current market value drops below the value required by the board.Eff. 11/20/83, Register 88; am 6/20/2010, Register 194Authority:AS 23.30.005
AS 23.30.075
AS 23.30.090
AS 44.31.020