Section 36-5-43 Premiums on bonds. - Alabama Statutes

Section 36-5-43

Premiums on bonds.

The premiums on bonds required by this code of officers, agents and employees of the state and its boards, agencies and commissions shall not exceed the rate established for the same or comparable bonds by a nationally recognized rating bureau. But the minimum charge for the premium on any such bonds may be $5.00.

(Acts 1915, No. 66, p. 115; Code 1923, §2639; Code 1940, T. 41, §122; Acts 1943, No. 521, p. 488, §1.)