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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...
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27-31-11
Section 27-31-11 Bond of attorney of domestic insurer - Requirements. (a) Concurrently
with the filing of the declaration provided for in Section 27-31-7, the attorney of
a domestic reciprocal insurer shall file with the commissioner a bond in favor of this state
for the benefit of all persons damaged as a result of breach by the attorney of the conditions
of his bond as set forth in subsection (b) of this section. The bond shall be executed
by the attorney and by an authorized corporate surety and shall be subject to the commissioner's
approval. (b) The bond shall be in the penal sum of $25,000.00, aggregate in form, conditioned
that the attorney will faithfully account for all moneys and other property of the insurer
coming into his hands and that he will not withdraw or appropriate to his own use from the
funds of the insurer any moneys or property to which he is not entitled under the power of
attorney. (c) The bond shall provide that it is not subject to cancellation unless 30...
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37-3-18
Section 37-3-18 Bond or other security. (a) No certificate or permit shall be issued
to a motor carrier or remain in force, and no motor carrier subject to the provisions of this
chapter shall engage in any operation on any highway of this state, unless such carrier complies
with such reasonable rules and regulations as the commission shall prescribe governing the
filing and approval of surety bonds, policies of insurance, qualifications as a self-insurer
or other securities or agreements, in such reasonable amounts as the commission may require,
conditioned to pay, within the amount of such surety bonds, policies of insurance, qualifications
as a self-insurer or other securities or agreements, any final judgment recovered against
such motor carrier for bodily injuries to or the death of any person resulting from the negligent
operation, maintenance or use of motor vehicles under certificate or permit or for loss or
damage to property of others. The commission shall, under such rules...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/37-3-18.htm - 2K - 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
27-39-6
Section 27-39-6 Application for certificate of authority; annual license fee; issuance
of license. (a) Within 30 days after January 1, 1972, every automobile club or association
organized and/or operating in the State of Alabama shall file with the commissioner an application
for a certificate of authority to continue said operations within the state, and every automobile
club or association desiring to commence operations within the state shall, prior to the commencement
of said operation, file application with and receive a certificate of authority from the commissioner.
No certificate of authority shall be issued until the automobile club or association has paid
to the commissioner $250.00 as an annual license fee, which fee shall not be returnable. Licenses
shall be issued for the period beginning January 1 of each year and shall expire on the following
December 31. The commissioner shall deposit all fees collected in the State Treasury to the
credit of the General Fund. (b) The...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-39-6.htm - 3K - Match Info - Similar pages
32-20-2
Section 32-20-2 Definitions. For purposes of this chapter, the following terms shall
have the meanings respectively ascribed to them in this section, except where the context
clearly indicates a different meaning: (1) DEALER. A person licensed by the Alabama Manufactured
Housing Commission as a manufactured home retailer and engaged regularly in the business of
buying, selling, or exchanging manufactured homes in this state, and having an established
place of business. (2) DEPARTMENT. The Department of Revenue of this state. (3) DESIGNATED
AGENT. Each judge of probate, commissioner of licenses, director of revenue, or other county
official in this state authorized and required by law to issue motor vehicle license tags,
unless otherwise provided by law, who may perform his or her duties under this chapter personally
or through his or her deputies, or such other persons located in this state, as the department
may designate. The term shall also mean those dealers as herein defined who...
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40-12-260
Section 40-12-260 Transfer of license plates; registration procedures; receipts; penalty.
(a) Effective January 1, 1998, license plates, except for license plates issued under the
provisions of Section 40-12-290, et seq., or any subsequent enactment which authorizes
special license plates based on vehicle age, shall not be transferable between motor vehicle
owners and the following registration procedures shall apply: (1) When a current and valid
Alabama motor vehicle license plate has been obtained for the current tax year for use on
a motor vehicle and the vehicle has been sold or otherwise transferred to a new owner, the
license plate shall be removed from the vehicle and retained by the original plate owner.
(2) In the event an owner purchases, trades, exchanges, or otherwise acquires another vehicle
of the same license registration classification, the licensing official shall authorize the
transfer of the current and valid Alabama license plate previously obtained by the owner to...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-12-260.htm - 11K - 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
40-25-5
Section 40-25-5 Discounts allowed for handling stamps; consignment of stamps. The Department
of Revenue is hereby authorized and directed to have prepared and distributed stamps suitable
for denoting the tax on all articles enumerated herein. Any person, firm, corporation, or
association of persons, other than the Department of Revenue, who sells tobacco tax stamps
not affixed to tobacco sold and delivered by them, whether the stamps be genuine or counterfeit,
shall be guilty of a felony and punishable as set out in Section 40-25-6. When wholesalers
or jobbers have qualified as such with the Department of Revenue, as provided in Section
40-25-16, and desire to purchase stamps as prescribed herein for use on taxable tobaccos sold
and delivered by them, the Department of Revenue shall allow on such sales of tobacco tax
stamps a discount of 4.75 percent on the entire amount of the sale. Where wholesalers or jobbers
are entitled to purchase stamps at a discount as herein provided, instead...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/40-25-5.htm - 2K - Match Info - Similar pages
32-7-6
Section 32-7-6 Security required; suspensions; applicability. (a) If 20 days after the
receipt of a report of a motor vehicle accident within this state which has resulted in bodily
injury or death, or damage to the property of any one person in excess of five hundred dollars
($500), the director does not have on file evidence satisfactory that the person who would
otherwise be required to file security under subsection (b) of this section has been
released from liability, or has been finally adjudicated not to be liable, or has executed
a duly acknowledged written agreement or conditional release providing for the payment of
an agreed amount in installments with respect to all claims for injuries or damages resulting
from the accident, which agreement or conditional release may include reasonable interest
as set out in Section 32-7-7, the director shall determine the amount of security which
shall be sufficient in his or her judgment to satisfy any judgment or judgments for damages...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/32-7-6.htm - 5K - Match Info - Similar pages
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