No such corporation or insurer shall, however, be accepted as sole surety on the bond of the State Treasurer but may become and be accepted as a cosurety with other persons or with other authorized surety insurers upon such bond, and in such event, its property or credit shall not be estimated to exceed $100,000.00.
Structure Code of Alabama
Chapter 24 - Surety Insurance Contracts.
Section 27-24-1 - Applicability of Chapter.
Section 27-24-2 - Sole Surety - Corporations.
Section 27-24-3 - Sole Surety - Mutual or Reciprocal Surety Insurers.
Section 27-24-4 - Sole Surety - Cosureties on Bond of State Treasurer.
Section 27-24-5 - Additional Bond Upon Insolvency, etc., of Surety.
Section 27-24-6 - Venue of Actions on Bonds or Undertakings.
Section 27-24-7 - Estoppel of Insurer to Deny Its Power, Etc.