If the actual or estimated damages of any one person's property involved in the crash exceeds $501, or if there is
any personal injury or death, you are subject to the Alaska mandatory insurance and financial responsibility laws.
The mandatory insurance laws require you to file proof of insurance with the State of Alaska. Failure to do so will
result in the suspension of your driver's license.
The financial responsibility laws require a person to show financial responsibility by one of the following methods:
(1) an automobile liability insurance policy in effect at the time of the crash; (2) a release of liability; (3) a settlement
agreement and proof of future financial responsibility (SR-22 insurance); (4) a deposit of security and proof of
future financial responsibility (SR-22 insurance); (5) a finding of no liability by the court in a civil action (a finding of
not guilty of a traffic citation does not apply). Failure to show financial responsibility by one of the listed methods
will also result in the suspension of your driver's license for a period of 3 years if there is a possibility you are liable.
After any suspension you must show future financial responsibility (SR-22 insurance), and pay a reinstatement fee of
$100 to $500, in addition to the fee for the license being requested, to have your driving privileges restored. A
notice of suspension returned by the post office because of an incorrect address on your driver's license or DMV
records will not invalidate the suspension if the notice was mailed to the last address you provided to the DMV.
IMPORTANT: THIS FORM MUST BE COMPLETED IN FULL AND RETURNED TO THE DIVISION OF MOTOR
VEHICLES WITHIN 15 DAYS FROM THE DATE OF THE CRASH.
A participant's crash report is required if the crash was not investigated by a peace officer and the total
amount of damage exceeds $2,000, or there was personal injury.
