Section 15 AAC 160.030 - Operator's license application(a) An applicant for an operator's license shall submit to the department (1) a completed original application on a form prescribed by the department, containing only accurate and complete information; and(2) proof of liability insurance satisfactory to the department in the amounts specified in 15 AAC 160.210 for each location in which the applicant seeks to conduct an activity permitted under AS 05.15.(b) The department may accept lienable property located in the state as a security posted under AS 05.15.122(b)(5) if (1) the applicant is unable to post another form of bond or security satisfactory to the department;(3) the applicant's equity in the property (A) is at least two times the amount specified in AS 05.15.122(b)(5), as shown in a current, written valuation appraisal from a certified real estate appraiser authorized under AS 08.87, certifying that the property satisfies the conditions of this subparagraph; in this subparagraph, "valuation appraisal" has the meaning; given in AS 08.87.900; and(B) and at all times remains at least two times the amounts specified in AS 05.15.122(b)(5); and(4) for renewal applications filed on or after June 22, 2008, the applicant obtains a current, written valuation appraisal every five years from a certified real estate appraiser authorized under AS 08.87, certifying that the property satisfies the conditions of (3) of this subsection; however, the department may require an annual valuation appraisal if the department has reason to believe that the property no longer has the value attributed to it by the most recent appraisal on file with the department; in this paragraph, "valuation appraisal" has the meaning given in AS 08.87.900.(c) As used in AS 05.15 and this chapter, a bond or security is "satisfactory to the department" if the bond or security (1) meets the requirements of AS 05.15.167(a);(2) will be in effect for two years after the date the operator's license expires; and(3) if a certificate of deposit, is in the name of the state in trust for the applicant and is accompanied by a completed assignment of negotiable instrument form prescribed by the department.(d) An applicant for an operator's license shall retain a copy of the application for three years after the date that the application is submitted to the department.(e) An applicant for an operator's license, that is not a municipality, shall accomplish the notice required under AS 05.15.030(a) by submitting one copy of the application described under AS 05.15.122(b) to the city or borough nearest to each location in which the applicant seeks to conduct an activity permitted under AS 05.15. If the applicant proposes activity in an area served by both a city and a borough, the applicant may choose which of the two will receive notice of the application.(f) If an applicant is a natural person and seeks reinstatement of an operator's license that has been revoked, the applicant must retake the test required by AS 05.15.122(b). If an applicant is a municipality or qualified organization and seeks reinstatement of an operator's license that has been revoked, the applicant must designate a municipal employee or member of the organization to retake the test required by AS 05.15.122(b), if the designated individual has taken the test before, or to take the test, if the designated individual has not taken the test before.(g) A natural person applying for an operator's license, or an individual designated under AS 05.15.122(b) by a municipality or qualified organization, must be at least 21 years of age.Eff. 7/30/94, Register 131; am 11/10/96, Register 140; am 6/22/2008, Register 186Authority:AS 05.15.030
AS 05.15.060
AS 05.15.095
AS 05.15.100
AS 05.15.122
AS 05.15.165
AS 05.15.167