2-8-360
Section 2-8-360 Duty of treasurer before money remitted. Before any money is remitted by the
commissioner to the treasurer of the certified association, the treasurer shall furnish to
the commissioner a bond approved by the commissioner in an amount not less than the estimated
annual total amount of the assessments handled by the treasurer. The surety on the bond shall
be a corporate surety company duly qualified and licensed to do business in the state, and
the bond shall be conditioned upon the faithful handling, proper accounting, and properly
authorized expenditure of all funds received and disbursed by the principal named in the bond.
(Act 2004-301, p. 427, §11.)...
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2-32-11
Section 2-32-11 Duty of treasurer before money remitted by commissioner. Before any money is
remitted by the commissioner to the treasurer of the certified association, the treasurer
shall furnish to the commissioner a bond approved by the commissioner in an amount not less
than the estimated annual total amount of the assessments handled by the treasurer. The surety
on the bond shall be a corporate surety company duly qualified and licensed to do business
in the state, and the bond shall be conditioned upon the faithful handling, proper accounting,
and properly authorized expenditure of all funds received and disbursed by the principal named
in the bond. (Acts 1997, No. 97-638, p. 1163, §11.)...
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15-13-159
Section 15-13-159 Qualifications - Professional surety company. No professional surety company
shall execute or become surety on any appearance bond in this state, unless it has an order
granting authorization to become professional surety on any bail. The order granting the authorization
shall be reissued annually, prior to January 1 of each year, by the presiding circuit judge
of the county in which the company desires to execute bail or appearance bonds. Prior to the
judge's issuance of the original order and no later than December 1 of each year, thereafter,
professional surety companies shall submit annually to the presiding circuit judge the following:
(1) An original or certified copy of a certificate of authority or certificate of compliance
from the Department of Insurance reflecting that the company is qualified to write a bail
line of insurance and that the company is in good standing with the department. (2) An original
qualifying power of attorney issued by the...
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39-2-4
Section 39-2-4 Filing of guaranties by bidders; prequalification procedures and criteria; responsibility
of prequalified bidders; revocation of prequalification; rejection of bidder. (a) The bidder
shall be required to file with his or her bid either a cashier's check drawn on an Alabama
bank or a bid bond executed by a surety company duly authorized and qualified to make such
bonds in the State of Alabama, payable to the awarding authority for an amount not less than
five percent of the awarding authority's estimated cost or of the contractor's bid, but in
no event more than ten thousand dollars ($10,000), except if the awarding authority is the
Department of Transportation, then the bid guarantee shall not be more than fifty thousand
dollars ($50,000). The bid guaranties as provided in this section shall constitute all of
the qualifications or guaranty to be required of contractors as prerequisites to bidding for
public works, except as required by the State Licensing Board for...
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27-31C-3
Section 27-31C-3 License to provide homeowners insurance; exemptions; powers and duties. (a)
An Alabama Coastal Captive Insurance Company, if permitted by its articles of incorporation
or organization, operating agreements, or charter, may apply to the commissioner for a license
to write homeowners insurance coverage as limited in Section 27-31B-3(a)(4) and as defined
and limited in the standard real property and contents insurance forms as approved by the
commissioner. (b) An Alabama Coastal Captive Insurance Company that qualified as an association
captive under the provisions of Section 27-31B-8 is exempt from the requirement that the association
be in existence for one year so long as the association is in good standing as an entity before
becoming an owner of an Alabama Coastal Captive Insurance Company. (c) An Alabama Coastal
Captive Insurance Company may write homeowners insurance coverage as limited in Section 27-31B-3(a)(4)
and as limited to perils described in subsection (a)...
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34-27-63
Section 34-27-63 Filing of plan relating to units not substantially completed requires filing
of additional documents. If a seller files with the commission any vacation time-sharing plan
or any amendment thereto which describes or concerns time-sharing units, accommodations, or
facilities not substantially completed, the seller shall file with the commission the following:
(1) A notarized statement showing all costs involved in completing each phase of the project.
(2) A notarized statement of the time of completion of construction of each phase of the project.
(3) Satisfactory evidence of sufficient funds to cover all costs to complete the project.
(4) A copy of the executed construction contract and any other contracts for the completion
of the project. (5) A 100 percent payment performance bond payable to the State of Alabama
from a surety company authorized to do business in Alabama, covering the entire cost of construction
necessary to complete the project. (6) If purchasers'...
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45-14-130.05
Section 45-14-130.05 Surety bond. Before entering upon his or her duties, the county engineer
shall make and enter into a surety bond in the amount of five thousand dollars ($5,000), payable
to Clay County, conditioned for the faithful discharge and performance of his or her duties
as such engineer, and for the faithful accounting of all monies or property of the county,
which may come into his or her possession or custody. The bond shall be executed by a surety
company authorized and qualified to do business in Alabama, and be approved by the commission.
The premiums shall be paid by the county. (Act 90-460, p. 649, §6.)...
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45-15-130.05
Section 45-15-130.05 Bond. Before entering upon his or her duties, the county engineer shall
make and enter into a surety bond in the amount set from time to time by the county commission,
payable to Cleburne County, conditioned on the faithful discharge and performance of his or
her duties as engineer, and for the faithful accounting of all monies or property of Cleburne
County, which may come into his or her possession or custody. The bond shall be executed by
a surety company authorized and qualified to do business in Alabama and be approved by the
commission. The premiums shall be paid by the county. (Act 98-75, p. 90, §6.)...
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45-16-130.05
Section 45-16-130.05 Bond. Before entering upon his or her duties, the county engineer shall
make and enter into a surety bond in the amount of five thousand dollars ($5,000), payable
to Coffee County, conditioned for the faithful discharge and performance of his or her duties
as such engineer, and for the faithful accounting of all monies or property of the county,
which may come into his or her possession or custody. The bond shall be executed by a surety
company authorized and qualified to do business in Alabama, and be approved by the commission.
The premiums thereon shall be paid by the county. (Acts 1973, No. 116, p. 147, §6.)...
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45-20-130.05
Section 45-20-130.05 Bond. Before entering upon his or her duties, the county engineer shall
make and enter into a surety bond in the amount set from time to time by the county commission,
payable to Covington County, conditioned on the faithful discharge and performance of his
or her duties as engineer, and for the faithful accounting of all monies or property of Covington
County which may come into his or her possession or custody. The bond shall be executed by
a surety company authorized and qualified to do business in Alabama and shall be approved
by the county commission. The premiums shall be paid by the county. (Act 2009-378, p. 701,
§6.)...
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