Alaska Statutes 18.65.420 – Bonding and insurance
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Terms Used In Alaska Statutes 18.65.420
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
As a condition to issuance of a license, the applicant or the applicant’s employer must furnish a bond or proof of a policy of insurance to protect the state and its residents from damages arising out of the acts of the licensee.