Section 8.46.070. 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.  

Authorities

23.30.005;23.30.075;23.30.090;44.31.020

Notes

Authority

AS 23.30.005 AS 23.30.075 AS 23.30.090 AS 44.31.020

History

Eff. 11/20/83, Register 88; am 6/20/2010, Register 194