Sec. 05.15.165. Operators.

325 words·~1 min read·/ak/title-5/chapter-15/05-15-165·

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

(a)An operator shall pay net proceeds to the authorizing permittee by check.

(b)If the department finds that an operator has incurred expenses that are not authorized under AS 05.15.160 , the department shall order the operator to refund to the authorizing permittee the amount of the unauthorized expenses. The operator shall pay the authorizing permittee interest on the amount ordered to be paid at the rate of 1.5 percent a month for each month or fraction of a month between the date of the activity and the date the refund is made.

(c)The operator shall post in a public place on the premises where the activities are conducted the operator's license and a copy of the permit of each authorizing permittee with whom the operator has a contract to conduct activities at the location.

(d)An operator shall obtain liability insurance covering each location where the licensee conducts an activity subject to this chapter. The operator shall provide upon request proof of insurance for each location to the department. The operator and the insurer shall inform the department of changes in the coverage of the insurance or of cancellation of the insurance. Cancellation of the insurance immediately suspends the rights of the operator to conduct activities under this chapter at the location covered by the insurance until subsequent insurance is obtained.

(e)An operator shall have its financial records reviewed annually by a certified public accountant. The operator shall submit the results of the review to the department by February 28 of the year following the year for which the review is conducted.

(f)An operator may not

(1)charge losses resulting from bad checks or uncollectable debts against the net proceeds due to the authorizing permittee;

(2)extend credit to players;

(3)employ house players;

(4)allow the operator's employees to play a game conducted by the operator at the location where the employee works for the operator.