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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 12. Professional Regulations. |
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Part 12.1. Boards and Commissions Subject to Centralized Licensing. |
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Chapter 12.02. General Occupational Licensing Functions. |
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Article 12.02.2. Occupational Licensing Fees. |
Section 12.02.540. Notification required for cancellation.
Latest version.
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If equivalent insurance coverage obtained by a licensee under AS 08.88.172(c)(2) is to lapse or not be renewed, the insurer shall notify the Real Estate Commission of the intent to lapse or not to renew a minimum of 30 days before the expiration date of the term. It is the responsibility of the employing broker or licensee, as applicable, to instruct the insurer to provide the notice required by this section to the Real Estate Commission.