Ala. Admin. Code r. 153-X-6-.04

Current through Register Vol. 43, No. 1, October 31, 2024

Section 153-X-6-.04 - Surety Practice Rules

(1) Any Company that is required to use documents, power of attorney, or any materials from general Surety Agency shall use only original documents.

(2) Any Company that owes monies to any general Surety Agent or Court shall not change their Surety until all monies are paid in full.

(3) Any Company or Licensee shall not exceed their underwriting authority for Bail amounts.

(4) Any Company or Licensee shall not have any delayed reporting to their General Surety Agent.

(5) Any Company or Licensee shall return any and all documents requested by their General Surety Agency upon request.

(6) Any company or licensee shall attach Powers of Attorney and/or any required documents to their bonds as required by their General Surety Agency.

Ala. Admin. Code r. 153-X-6-.04

Amended by Alabama Administrative Monthly Volume XL, Issue No. 12, September 30, 2022, eff. 11/14/2022.

Author: Alabama Professional Bail Bonding Board

Statutory Authority:Code of Ala. 1975, § 15-13-207.