An application for a distributor license must be accompanied by a surety bond on a form provided by the department which has been approved by the Department of Law. The surety on the bond must be licensed by the State of Alaska to write surety bonds in the state. The amount of the surety bond must be in an amount equal to twice the estimated average monthly amount of tax due during the license year for which the application is being filed, or $5,000, whichever is higher.

(Eff. 2/27/83, Register 85)

Authority: AS 43.05.080, AS 43.50.035, AS 43.50.150