1. (a) A motor vehicle service contract provider may not market, offer for sale, sell, issue, or make a motor vehicle service contract in this state unless the provider meets the qualifications under AS 21.59.110 - 21.59.290 and this section.

2. (b) A motor vehicle service contract provider is qualified to market, offer for sale, sell, issue, or make a motor vehicle service contract in this state if the provider

   1. (1) has an approved motor vehicle service contract provider application on file with the director;
   2. (2) has paid the motor vehicle service contract provider initial application or biennial renewal fee under 3 AAC 31.060(a); and
   3. (3) is currently licensed in good standing in this state.

3. (c) An applicant for a motor vehicle service contract provider license shall establish to the satisfaction of the director that the applicant is

   1. (1) qualified under AS 21.59.110 - 21.59.290;
   2. (2) trustworthy;
   3. (3) competent; and
   4. (4) financially responsible.

4. (d) The director will consider an applicant for a motor vehicle service contract provider firm license to have met the requirements under (c)(1) - (3) of this section if the applicant has not committed an act that is the cause for denial, nonrenewal, suspension, or revocation of a license in this state or another state and

   1. (1) is currently licensed and in good standing as a motor vehicle service contract provider in another state; or
   2. (2) provides information that demonstrates to the satisfaction of the director the applicant's ability to competently perform the functions of a motor vehicle service contract provider in this state.
5. (e) The director will consider an applicant for a motor vehicle service contract provider firm license to have met the requirement under (c)(4) of this section if the applicant meets the requirements under 3 AAC 31.710(b)(2).

(Eff. 3/3/2018, Register 225)

Authority: AS 21.06.090, AS 21.59.140, AS 21.59.200