8 Alaska Admin. Code § 98.370

Current through October 17, 2024
Section 8 AAC 98.370 - Responsibilities of a licensee

The responsibilities of a licensee include

(1) operating the facility in accordance with laws relating to vending facilities, public health, taxes, compensation of employees, worker's compensation, insurance, civil rights, and fire and safety codes;
(2) maintaining business accounts and records separate from personal accounts;
(3) maintaining a commercial bank account in which all funds not required as cash on hand are deposited;
(4) making payment for all business expenses in a timely fashion;
(5) retaining receipts for goods and services bought for the business;
(6) submitting accurate and timely reports to the division; and
(7) obtaining and maintaining personal and property damage liability insurance, naming the State of Alaska as an additional insuree, with limits of $100,000 for each person and $300,000 for each occurrence, and insurance against loss by fire or other hazard of the vending facility property.

8 AAC 98.370

Eff. 7/17/83, Register 87

Authority:AS 23.15.020(c)

AS 23.15.100(b)