The security required under this chapter shall be in such form and in such amount as the director may require but in no case in excess of the limits specified in Section 32-7-6 in reference to the acceptable limits of a policy or bond. The person depositing security shall specify in writing the person or persons on whose behalf the deposit is made and, at any time while such deposit is in the custody of the director or State Treasurer, the person depositing it may, in writing, amend the specifications of the person or persons on whose behalf the deposit is made to include an additional person or persons; provided, that a single deposit of security shall be applicable only on behalf of persons required to furnish security because of the same accident.
The director may reduce the amount of security ordered in any case within six months after the date of the accident if, in his or her judgment, the amount ordered is excessive. In case the security originally ordered has been deposited, the excess deposited over the reduced amount ordered shall be returned to the depositor or his or her personal representative forthwith, notwithstanding the provisions of Section 32-7-11.
Structure Code of Alabama
Title 32 - Motor Vehicles and Traffic.
Chapter 7 - Motor Vehicle Safety-Responsibility Act.
Section 32-7-1 - Citation of Chapter.
Section 32-7-3 - Administration of Chapter; Appeal to Court.
Section 32-7-4 - Director to Furnish Operating Record.
Section 32-7-5 - Report Required Following Accident.
Section 32-7-6 - Security Required; Suspensions; Applicability.
Section 32-7-6.1 - Motor Vehicle Liability Insurance Coverage.
Section 32-7-7 - Further Exceptions to Requirement of Security.
Section 32-7-8 - Duration of Suspension.
Section 32-7-10 - Form and Amount of Security.
Section 32-7-11 - Custody, Disposition and Return of Security.
Section 32-7-12 - Matters Not to Be Evidence in Civil Actions.
Section 32-7-13 - Courts to Report Nonpayment of Judgments.
Section 32-7-15 - Suspension to Continue Until Judgments Paid and Proof Given.
Section 32-7-16 - Payments Sufficient to Satisfy Requirements.
Section 32-7-17 - Installment Payment of Judgments.
Section 32-7-18 - Proof of Financial Responsibility Required Upon Certain Convictions.
Section 32-7-20 - Certificate of Insurance as Proof.
Section 32-7-21 - Certificate Furnished by Nonresident as Proof.
Section 32-7-22 - Motor Vehicle Liability Policy Defined; Policy Provisions.
Section 32-7-23 - Uninsured Motorist Coverage; "Uninsured Motorist" Defined; Limitation on Recovery.
Section 32-7-24 - Notice of Cancellation or Termination of Certified Policy.
Section 32-7-25 - Chapter Not to Affect Other Policies.
Section 32-7-26 - Bond as Proof of Financial Responsibility.
Section 32-7-27 - Money or Securities as Proof.
Section 32-7-28 - Owner May Give Proof for Others.
Section 32-7-29 - Substitution of Proof.
Section 32-7-30 - Additional Proof May Be Required.
Section 32-7-31 - Duration of Proof; When Proof May Be Cancelled or Returned.
Section 32-7-32 - Transfer of Registration to Defeat Purpose of Chapter Prohibited.
Section 32-7-33 - Surrender of License and Registration.
Section 32-7-34 - Self-Insurers.
Section 32-7-35 - Assigned Risk Plans.
Section 32-7-37 - Other Violations; Penalties.
Section 32-7-38 - Employment of Necessary Employees.
Section 32-7-40 - Chapter Supplemental to Other Laws.
Section 32-7-41 - Chapter Not to Prevent Other Process.