(a) Application for a certificate of authority to transact business as an automobile service corporation shall be made to the director, on forms furnished by the director and requiring the information about the applicant, its directors, officers, and affairs as the director may reasonably require consistent with Alaska Stat. § 21.59.010 – 21.59.090.
lawyer at desk

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Alaska Statutes 21.59.040

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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
(b) The applicant shall file the following documents with the application:

(1) a copy of the applicant’s articles of incorporation and all amendments, certified by the appropriate official of the state of incorporation;
(2) a copy of the applicant’s bylaws, certified by its corporate secretary;
(3) a copy of each subscriber’s contract proposed to be offered;
(4) either

(A) audited financial statements for the three fiscal years immediately preceding the application; or
(B) a financial statement of the applicant prepared by a certified public accountant and dated not more than 30 days before the filing of the application, showing the amount of working funds available to the applicant, a reconciliation of the net worth or capital account, the source and application of the funds, and any data pertinent to the financial statement;
(5) the bond required under Alaska Stat. § 21.59.030(2) or 21.59.050(c); and
(6) a copy of any other relevant document reasonably requested by the director.
  Previous section
Next section  
 Article 1 Contents