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40-17-168.5
Section 40-17-168.5 Surety bond. (a) Upon approval of the application by the department,
the applicant must file with the department a surety bond. The bond amount for an applicant
for a license as a public seller of CNG/LNG or a fleet producer of CNG/LNG shall be a minimum
of twenty-five thousand dollars ($25,000) or in the approximate amount of twice the average
monthly tax liability, whichever is greater. (b) The department shall review the bond amounts
every five years beginning January 2023 to ensure that each public seller of CNG/LNG and each
fleet producer of CNG/LNG has posted a surety bond sufficient to cover twice the average monthly
tax liability as referenced in subdivision (a). Based upon this review or at any time that
the department determines that the bond amount is insufficient to cover twice the average
monthly tax liability, the commissioner may require an additional surety bond from any licensee
under one or more of the following circumstances: (1) The commissioner...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-168.5.htm - 4K - Match Info - Similar pages
2-15-63
Section 2-15-63 Bonds of livestock market operators. Any person operating a livestock
market in this state shall make and execute a bond in favor of the State of Alabama, which
bond shall be made by a surety company qualified to do business in the State of Alabama and
such bond shall be filed in the office of the commissioner. The minimum amount of such bond
shall be $5,000.00 or such greater sum not to exceed $50,000.00. The exact amount of said
bond shall be determined by dividing the gross amount of business done by such livestock market
during the preceding 12 months or such part thereof as the livestock market was engaged in
business by the number of days on which sales were made, and such bond shall be not less than
the nearest multiple of $1,000.00. Any bond accepted under the provisions of this section
shall be not less than $5,000.00 nor more than $50,000.00. In the event the livestock market
has not engaged in business during the year preceding the date of its application for...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-15-63.htm - 3K - Match Info - Similar pages
40-12-414
Section 40-12-414 License - Proof of financial responsibility. (a) Except as provided
in subsection (b), every person, firm, or corporation, before being licensed under this article,
must show proof of responsibility by depositing with the Commissioner of Revenue a continuing
bond in the amount prescribed in Section 40-12-398 with surety thereon of a company
authorized to do business in the State of Alabama, which bond shall be approved by the Commissioner
of Revenue, payable to the State of Alabama, and shall be conditioned upon the faithful observance
of all the provisions of this article and shall also indemnify any person who suffers any
loss by reason of a failure to observe the provisions of this article. (b) The department,
by rule, may permit a surety bond obtained pursuant to Section 40-12-398, to serve
in lieu of the surety bond prescribed in subsection (a). (Acts 1979, No. 79-756, p. 1342,
§5; Acts 1981, No. 81-811, p. 1449, §1; Acts 1991, No. 91-321, p. 595, §1; Act...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-12-414.htm - 1K - Match Info - Similar pages
40-17-335
Section 40-17-335 Surety bond. (a) Upon approval of the application by the department,
the applicant shall file with the department a surety bond as herein provided: (1) Except
as provided under subdivision (3), the bond amount for an applicant for a license as a supplier,
permissive supplier, or terminal operator shall be in the approximate amount of twice the
average monthly tax liability, not to exceed two million dollars ($2,000,000). (2) Except
as provided under subdivision (3), the bond amount for an applicant for a license as an exporter,
blender, importer, or distributor shall be a minimum of two thousand dollars ($2,000) or the
approximate amount of twice the average monthly tax liability, whichever is greater. (3) The
bond for distributors, suppliers, and permissive suppliers who are licensed with the department
on October 1, 2012, shall remain at the amount that is filed with the department on that date,
except as provided under subsection (b). (4) For an applicant for a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-17-335.htm - 4K - Match Info - Similar pages
2-10-26
Section 2-10-26 Temporary permit pending appeal. In the event an association desires
to do business pending the appeal provided for in Section 2-10-25, it may be issued
a temporary permit to do so upon paying $1.00 and filing bond with the commissioner in such
sum as the commissioner may fix, conditioned to protect all persons dealing with the association
from injury or loss. Said bond shall be in a reasonable amount, approved by the commissioner,
and made in some bonding company authorized to do business in Alabama. Before such association
shall be permitted to file bond as authorized in this section, there shall be filed
with the Department of Agriculture and Industries, on blanks prescribed by the State Board
of Agriculture and Industries, an application for such temporary permit, accompanied by a
full list of the members of such association and their addresses. Immediately upon the filing
of such application, the commissioner shall call a meeting, by mailing notice to each member...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-10-26.htm - 1K - Match Info - Similar pages
27-27-10
Section 27-27-10 Solicitation permit - Bond or deposit in lieu thereof; waiver of same.
(a) Except as to proposed domestic insurers which are subject to the requirements of Section
27-27-16, the commissioner shall not issue a solicitation permit until the applicant therefor
has filed with him a corporate surety bond in the penalty of $15,000.00 in favor of the State
of Alabama and for the use and benefit of the state and of proposed Alabama investors in and
creditors of the proposed organization. (b) The bond shall be conditioned upon the payment
of costs incurred by the state in event of any legal proceedings for liquidation or dissolution
of the proposed organization before completion of organization or in event a certificate of
authority is not granted and upon a full accounting for funds received until the proposed
insurer has been granted its certificate of authority or until the proposed corporation, syndicate,
organization, or financing has been completed as defined in the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-27-10.htm - 2K - Match Info - Similar pages
9-10A-12
Section 9-10A-12 Officers of board; treasurer to execute bond; quorum; notice of meetings;
position vacated due to absences; records. (a) The board of directors of the watershed management
authority shall annually elect from its membership a chairman, secretary and treasurer. The
treasurer shall execute an official bond for the faithful performance of the duties of his
office to be approved by the board of directors, except that no bond shall be required until
such time as the authority possesses funds. Such bond shall be executed with at least three
solvent personal sureties whose solvency must exceed the amount of the bond or by a surety
company authorized to do business in this state and shall be in an amount determined by the
board of directors. If the treasurer is required to execute a surety company bond, the premium
on the bond shall be paid by the watershed management authority. (b) A majority of the board
of directors shall constitute a quorum, and the concurrence of a...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/9-10A-12.htm - 2K - Match Info - Similar pages
2-31-4
Section 2-31-4 Surety bond; requirements; waiver of bond requirements. Every person
licensed as a grain dealer shall have filed with the department a surety bond for each separate
location signed by the dealer as principal and by a responsible company authorized to execute
surety bonds within the State of Alabama. Such bond shall be in the principal amount to the
nearest $1,000.00 equal to ten percent of the aggregate dollar amount paid by the dealer to
producers for grain purchased from them during the 12 month period ending no more than 30
days prior to the time the dealer files to be licensed under this article. Persons who have
been in the business of a grain dealer for less than one year are required to only meet minimum
bond requirements their first year. Provided, that in any case the amount of the bond shall
not be less than $25,000.00 or more than $100,000.00 for each separate location. Provided
further, these bond requirements will be waived upon proof to the commissioner...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/2-31-4.htm - 1K - Match Info - Similar pages
27-30-18
Section 27-30-18 Deposit - Amounts; purpose; kind. (a) Each mutual aid association shall,
prior to issuance of its certificate of authority, deposit and thereafter maintain on deposit
with the Treasurer of the State of Alabama securities of the kind authorized under subsection
(d) of this section, in the amount of not less than $5,000.00. If in any calendar year
the gross premium receipts of the association from business done within this state exceed
$50,000.00, the association shall, not later than the March 30 next following such calendar
year, increase the amount of its deposit so made and maintained in accordance with the following
schedule: Gross premium receipts during calendar year Amount of deposit required More than
$50,000 but less than $150,000 $10,000 Equal to 150,000 but less than 250,000 15,000 Equal
to 250,000 but less than 350,000 20,000 Equal to 350,000 but less than 500,000 25,000 Equal
to 500,000 but less than 750,000 50,000 Equal to 750,000 but less than 1,000,000...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-30-18.htm - 2K - Match Info - Similar pages
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...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/39-2-4.htm - 4K - Match Info - Similar pages
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