{"data":{"id":"us-ak/as-28.20.400","jurisdiction":"us-ak","citation":"AS 28.20.400","heading":"Self-insurers.","body":"(a) A person in whose name more than 25 vehicles are registered in this state may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the department as provided in (b) of this section. A person in whose name 25 or fewer vehicles are registered qualifies as a self-insurer and shall be issued a certificate of self-insurance if the person provides proof satisfactory to the department that the person has and will continue to have the ability to pay a judgment for property damage, bodily injury, or both, in the amount of at least $125,000.\n(b) The department may issue a certificate of self-insurance when it is satisfied that the person has and will continue to have ability to pay judgments obtained against the person. The certificate may be issued authorizing a person to act as a self-insurer for either property damage or bodily injury, or both, or within the limits the department prescribes.\n(c) Upon not less than 10 days' notice and a hearing pursuant to the notice, the department may upon reasonable grounds cancel a certificate of self-insurance. Failure to pay a judgment within 30 days after judgment becomes final is a reasonable ground for the cancellation of a certificate of self-insurance.","path":["Title 28. Motor Vehicles.","Chapter 20. Motor Vehicle Safety Responsibility Act."],"source_url":"https://www.akleg.gov/basis/statutes.asp#28.20.400","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:18:11Z","sha256":"e02840d163a422c8af18eae03000b06f90bb7eac94b4c5ac9332e046df59d288","source_id":"us-ak","stale":false,"prev":"us-ak/as-28.20.390","next":"us-ak/as-28.20.410"},"notice":"GroundRules: Original legal text. Not legal advice."}