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AK HB146

Bill

Official Source

Status

Engrossed

3/26/2020

Primary Sponsor

Matt Claman

Click for details

Origin

House of Representatives

31st Legislature

AI Summary

  • Amends motor vehicle dealer license application requirements to include telephone number of business and a statement confirming workers' compensation insurance compliance with AS 23.30
  • Adds requirement for applicants to provide a copy of certificate of insurance documenting coverage under new AS 08.66.085
  • Increases surety bond requirement for motor vehicle dealers from $50,000 to $100,000, with motorcycle-only dealers required to maintain $25,000 bond
  • Establishes new insurance requirements for motor vehicle dealers: minimum $50,000 property damage coverage, $100,000 for single person injury, and $200,000 for multiple person injury coverage
  • Adds disqualification requirement that no person with 5% or greater business interest can have felony convictions involving fraud, embezzlement, or misappropriation of property within five years prior to application

Legislative Description

Motor Vehicle Dealers: Applic.; Insurance

Motor Vehicles

Last Action

REFERRED TO LABOR & COMMERCE

3/27/2020

Committee Referrals

Labor & Commerce3/27/2020
Judiciary4/24/2019

Full Bill Text

No bill text available