Sec. 46.03.833. Compliance with financial responsibility requirements.

122 words·~1 min read·/ak/title-46/chapter-3/46-03-833

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(a)A person whose proof of financial responsibility is accepted by the department under AS 46.03.830 or 46.03.100(f) shall notify the department at least 90 days before the effective date of a change in, or expiration or cancellation of, the proof of financial responsibility. Application for renewal of acceptance of proof of financial responsibility under AS 46.03.830 or 46.03.100(f) must be filed at least 90 days before the date of expiration.

(b)The department, after notice and hearing, may revoke acceptance of proof of financial responsibility if it determines that

(1)acceptance was procured by fraud or misrepresentation; or

(2)a change of circumstance has occurred that warrants revocation under regulations adopted by the department.