(a) A person may not act as an administrator of motor vehicle service contracts sold in this state unless the person registers with the director by providing the following information:

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Terms Used In Alaska Statutes 21.59.160

  • Contract: A legal written agreement that becomes binding when signed.
  • person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
  • 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
(1) the administrator’s name, business address, and other information required by the director; and
(2) the names of the providers for whom the person acts as an administrator.
(b) A provider that is licensed under Alaska Stat. § 21.59.11021.59.290 may administer its own motor vehicle service contract program without registering separately as an administrator. However, if a provider administers another provider’s motor vehicle service contract program, the provider shall register as an administrator under this section.