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 Alaska Administrative Code (Last Updated: January 12, 2017)
 Title 3. Commerce, Community, and Economic Development.
 Part 3.1. Banking, Securities, Small Loans and Corporations.
 Chapter 3.23. Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters.
 Article 3.23.1. Licensing Requirements.

  Section 3.23.859. Definitions.  

Latest version. 
  • As used in 3 AAC 23.745 - 3 AAC 23.859,  
		(1) "bail" means property that is deposited with a judicial officer to secure or continue the release from custody of the defendant in a judicial proceeding; "bail" includes a bail bond, a bail bond transaction, and any pledge or deposit of collateral;  
		(2) "bail bond limited producer" means a person who is licensed under AS 21.27.150 to transact surety or limited surety, and who is appointed by an authorized insurer to transact, execute or countersign bail bond transactions in connection with judicial proceedings in return for money or other things of value;  
		(3) "collateral" means additional security given to assure the performance of the defendant's obligation;  
		(4) "defendant" means the individual whose performance is guaranteed by the execution of a bail bond;  
		(5) "fiduciary capacity" means the duty of a licensee and surety to receive and maintain collateral with fairness and good faith as custodian of the collateral;  
		(6) "licensee" means a bail bond limited producer licensed under AS 21.27.150;  
		(7) "limited surety" means insurance as defined in AS 21.12.080(2);  
		(8) "surety" means an authorized insurer as defined by AS 21.97.900.

Authorities

21.06.090;21.27.010;21.27.150;44.62.125;01.05.031;21.90.900;21.97.900

Notes


Authority
AS 21.06.090 AS 21.27.010 AS 21.27.150 Editor's note: As of Register 183 (October 2007), the regulations attorney made technical revisions under AS 44.62.125(b)(6), to 3 AAC 23.859. In 2010 the revisor of statutes, acting under AS 01.05.031, renumbered former AS 21.90.900 as AS 21.97.900. As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to 3 AAC 23.859, so that a cross-reference to former AS 21.90.900 now refers to the renumbered statute, AS 21.97.900.
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History
Eff. 12/18/92, Register 124

References

3.23.859