Alaska Administrative Code
Title 12 - Professional Regulations
Part 1 - Boards and Commissions Subject to Centralized Licensing
Chapter 02 - General Occupational Licensing Functions
Article 4 - Real Estate Errors and Omissions Insurance
12 AAC 02.540 - Notification required for cancellation
Universal Citation: 12 AK Admin Code 02.540
Current through February 24, 2025
If equivalent insurance coverage obtained by a licensee under AS 08.88.172(c)(2) is to lapse or not be renewed, the insurer shall notify the Real Estate Commission of the intent to lapse or not to renew a minimum of 30 days before the expiration date of the term. It is the responsibility of the broker or licensee, as applicable, to instruct the insurer to provide the notice required by this section to the Real Estate Commission with named licensees covered.
Authority:AS 08.88.172
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