Sec. 45.48.520. Due diligence.

104 words·~1 min read·/ak/title-45/chapter-48/45-48-520

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

In AS 45.48.510 (3), due diligence ordinarily includes performing one or more of the following:

(1)reviewing an independent audit of the third party's operations and its compliance with AS 45.48.500 — 45.48.590;

(2)obtaining information about the third party from several references or other reliable sources and requiring that the third party be certified by a recognized trade association or similar organization with a reputation for high standards of quality review; or

(3)reviewing and evaluating the third party's information security policies and procedures, or taking other appropriate measures to determine the competency and integrity of the third party.