According to AS 23.30.025, an “all states endorsement” is not acceptable. The insurance must be provided by a private insurance carrier registered to do business in the State of Alaska and the policy must be specifically written to pay benefits as provided by Alaska law. WORKERS’ COMPENSATION – Evidence of workers’ compensation insurance is required under AS 23.30 for registration as a construction contractor.Either a certificate of insurance issued by an insurance agency or the Certificate of Insurance Coverage (form 08-4027c) is acceptable. LIABILITY INSURANCE – A certificate of insurance for public liability and property damage insurance (not less than $20,000 for property damage, $50,000 for injury or death to one person, $100,000 for injury or death to more than one person).A completed, signed, and notarized Assignment of Cash Deposit form (form 08-4027b) must accompany the cashiers check. Cash will be deposited in a Trust Account established by the State, which does NOT pay interest. The certificate or passbook should read, “State of Alaska in trust for (contractor).” The original certificate or passbook is held by the State and must have a properly executed Assignment of Cash Deposit form (form 08-4027b) or a Time Certificate of Deposit or Savings Passbook issued by a bank or trust company authorized to do business in Alaska (must be physically located in Alaska).a surety bond issued by an insurer or other surety company (AS 08.18.071), with the bonding company’spower of attorney and the bond must be signed by both the principal and the surety (form 08-4027a) or.SURETY BOND FOR GENERAL CONTRACTOR ($25,000) GENERAL CONTRACTOR WITH RESIDENTIAL ENDORSEMENT PERFORMING EXCLUSIVELY RESIDENTIAL WORK ($20,000) GENERAL CONTRACTOR – HANDYMAN WITH CAP OF $10,000 PER PROJECT ($5,000) OR FOR SPECIALTY OR MECHANICAL CONTRACTOR ($10,000).This application is for CONTRACTOR REGISTRATION ONLY. APPLICATION – completed, signed, and notarized.Alaska – Alaska requires all contractors to be registered.It is recommended you do your own local research on your state or counties licensing requirements. *Please note that these requirements could change at any time and may not be accurate according to the state. Here is a complete updated list (2017) of painting contractor requirements:
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