Bill > HB214

This bill modifies Alaska state law regarding proof of financial responsibility, specifically changing the duration for which an individual must maintain proof of insurance after a judgment. Currently, the law requires maintaining proof of insurance for the entire period a person holds a driver's license. The bill revises this requirement, mandating that proof of insurance must be maintained for one year from the date a judgment is stayed (legally paused) or satisfied (paid in full). This change simplifies the insurance documentation requirement by establishing a clear, finite one-year timeframe for maintaining proof of financial responsibility, as opposed to the previous open-ended requirement that was tied to license possession. The amendment is specific to Alaska Statute 28.20.330(b) and relates to motor vehicle insurance documentation following legal judgments.

Government Affairs

https://www.akleg.gov/basis/Bill/Detail/34?Root=HB214