Alaska Statutes 28.20.080 – Form and amount of security

(a) The security required by this chapter must be in the form and amount the department requires, but in no case in excess of the limits specified in Alaska Stat. § 28.20.070 for the acceptable limits of a policy or bond.

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Terms Used In Alaska Statutes 28.20.080

department: means the Department of Administration. See Alaska Statutes 28.90.990
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
writing: includes printing. See Alaska Statutes 01.10.060

(b) Every depositor of security shall designate in writing the person in whose name the deposit is made and may at any time change the designation, but a single deposit of security applies only on behalf of a person required to furnish security because of the same accident.

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