Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 23 - Producers, Managing General Agents, Surplus Lines Brokers, Reinsurance Intermediary Managers, Reinsurance Intermediary Brokers, Third Party Administrators, and Independent Adjusters
Article 5 - Bail Bonds
3 AAC 23.850 - Unclaimed collateral; excess collateral; excess payment of premium

Universal Citation: 3 AK Admin Code 23.850
Current through February 24, 2025

If collateral, excess collateral on forfeiture, or excess payment of premium being held by a licensee or surety is not claimed or taken away within one year after the termination of liability under the bail bond, the licensee or surety shall treat the collateral, excess collateral, or excess payment, in the manner provided in AS 34.45, the Uniform Unclaimed Property Act.

In 2010 the revisor of statutes, acting under AS 01.05.031, redesignated former AS 21.36.350 as AS 21.36.125(c). As of Register 196 (January 2011), the regulations attorney made a conforming technical revision under AS 44.62.125(b)(6), to the authority citation that follows 3 AAC 23.850, deleting the citation to former AS 21.36.350 to reflect that the authority citation already includes a citation to AS 21.36.125, the section where material formerly in AS 21.36.350 was relocated.

Authority:AS 21.06.090

AS 21.27.360

AS 21.36.120

AS 21.36.125

AS 21.36.360

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