Alaska Administrative Code
Title 13 - Public Safety
Part 3 - Office of the Commissioner
Chapter 60 - Licensing of Security Guards and Security Guard Agencies
Article 3 - General Provisions
13 AAC 60.120 - Insurance and bond requirements

(a) Each applicant for a security guard license and each applicant for a security guard agency license must file with the department a certificate of insurance or bond evidencing comprehensive liability coverage for death, injury, false arrest, detention or imprisonment, malicious prosecution, libel, slander, defamation of character and violation of right to privacy in the minimum amount of $100,000 per person and $200,000 per occurrence. Each applicant must also file a certificate of property damage insurance or bond in the amount of $100,000 per occurrence. The certificate must provide that the insurance or bond may not be modified or cancelled unless 30 days' notice of cancellation has been given to the department. Failure to maintain insurance or bond is grounds for revocation of a security guard license or a security guard agency license.

(b) If required insurance or bond is provided by an employer, a certificate of proof must be filed with each employee's application for license. If a licensed security guard is no longer covered by employer-provided insurance or bond,