Alaska Stat. § 45.63.080
Sec. 45.63.080. Exemptions
(a)
AS 45.63.010, 45.63.015, 45.63.020, and AS 45.63.030(c) and (d) do not apply to a sale or attempted sale
(1)
of a security regulated under AS 45.55 or a security that is exempted by AS 45.55.900 from regulation
under AS 45.55;
(2)
by a person registered with the United States Securities and Exchange Commission when acting within the
scope of the person's Securities and Exchange Commission license;
(3)
by an issuer, or a subsidiary of an issuer, of a class of securities that is
(A)
subject to 15 U.S.C. 78a -- 78lll (Securities Exchange Act of 1934); and
(B)
either registered under 15 U.S.C. 78a -- 78lll (Securities Exchange Act of 1934) or exempt from
registration under 15 U.S.C. 78l(g)(2)(A) -- (C) or (E) -- (H);
(4)
by a real estate broker, associate real estate broker, or real estate salesperson licensed under AS
08.88 and acting in a capacity covered by the license;
(5)
by a person who has a certificate of registration under AS 08.18 to operate as a contractor and is
acting in a capacity covered by the certificate of registration;
(6)
by an embalmer or funeral director licensed under AS 08.42 and acting in a capacity covered by the
license;
(7)
by an insurance agent, general agent, broker, solicitor, or adjuster licensed under AS 21.27 and acting
in a capacity covered by the license;
(8)
by a person who is primarily soliciting the sale of a subscription to, or advertising in, a newspaper
of general circulation;
(9)
by a charitable organization or paid solicitor if the organization or solicitor is registered to make
charitable solicitations under AS 45.68 and is acting in a capacity that is covered by the registration;
(10)
by a person who is primarily soliciting the sale of a sound recording or book:
(A)
if the person
(i)
has no minimum purchase requirements;
(ii)
provides written notice of the buyer's right to cancel at any time; and
(iii)
allows the buyer to return the sound recording or book and obtain a full refund; or
(B)
through a membership in a book or record club
(i)
where the club provides the buyer with a form that the buyer may use to instruct the club
not to ship the offered merchandise; and
(ii)
that is regulated by the Federal Trade Commission as a negative option plan under 16
C.F.R. 425;
(11)
by a publisher, or a publisher's agent operating under a written agreement between a publisher and the
agent, who is soliciting the sale of a publisher's magazine, if
(A)
the buyer has the right to review the magazine and cancel the subscription for the magazine
within seven days after receipt of the magazine or at the time the invoice is received by the buyer, whichever
is later; a cancellation request is timely if the request is mailed, properly addressed and postmarked,
postage prepaid, within seven days after receipt of the magazine;
(B)
the right of cancellation and refund is fully disclosed in writing to the buyer before or at the
time the initial invoice is received by the buyer;
(12)
of services provided by a cable television system operating under a franchise issued by a
municipality;
(13)
by a person who is soliciting for a business, or for an affiliate of a business, that is regulated by
the Regulatory Commission of Alaska;
(14)
by a person whose solicitation is solely for telephone answering services provided by the person or
the person's employer;
(15)
of property from a mail order catalog that is published on a regular, periodic basis and that
describes or pictures the items for sale and prominently provides the specific price of each item;
(16)
by a supervised financial institution or the parent, subsidiary, or affiliate of a supervised
financial institution; in this paragraph, "supervised financial institution" means a commercial bank, savings
bank, mutual savings bank, trust company, savings and loan association, credit union, industrial loan company,
personal property broker, consumer finance lender, commercial finance lender, or other financial institution
if the financial institution is subject to regulation by this state or the United States;
(17)
by an insurer or the parent, subsidiary, or affiliate of an insurer;
(18)
by a person who solicits a sale by a contact by telephonic means without intending to complete the
sales presentation during the contact, who does not complete the sales presentation during the contact, and
who only completes the sales presentation at a later meeting in person, unless at the later meeting the
solicitor attempts to collect payment for property or services delivered before the later meeting;
(19)
of an item of personal property, including a food product, that is made by hand by an individual, if
the sale or attempted sale of the item is made by the individual who made the item; in this paragraph, "made
by hand" includes the use of ordinary household devices if the majority of the value of the item is added by
the labor of the individual.
(b)
The written disclosure required by (a)(11)(B) of this section does not apply to a sale of a magazine
subscription by a publisher or a publisher's agent operating under a written agreement between a publisher and
the agent
(1)
where a telephone call is made to a customer to solicit a subscription renewal; or
(2)
when a telephone call is initiated by the buyer, payment is made by credit card, and a telephone number
to cancel the subscription is on the credit card statement description line for that charge.
