(a) Contract security company licensees shall file certificates of insurance with the board certifying coverage. The minimum amount of coverage shall be two million dollars ($2,000,000) for bodily or personal injury and two hundred thousand dollars ($200,000) for property damage. There shall be included endorsements for general liability, personal injury, and workers' compensation.
(b) An insurance policy may not be modified or cancelled without 30 days' prior notice to the board. The insurance company shall be licensed in this state, or in the state in which the insurance is purchased, with the name of a designated agent for service filed in the office of the Secretary of State.
Structure Code of Alabama
Title 34 - Professions and Businesses.
Chapter 27C - Alabama Security Regulatory Board.
Section 34-27C-1 - Definitions.
Section 34-27C-2 - Creation; Composition; Sunset Provision.
Section 34-27C-3 - Powers of the Board.
Section 34-27C-4 - License Application; Renewal; Fee.
Section 34-27C-5 - Denial, Probation, Revocation, or Suspension of License or Certification.
Section 34-27C-6 - Insurance Requirements.
Section 34-27C-7 - Application for License or Certification; Renewal; Fees.
Section 34-27C-8 - Training Requirements.
Section 34-27C-9 - Certified Trainers.
Section 34-27C-10 - Payment of Fees, etc.; Deposit.
Section 34-27C-11 - Pistol Permit.
Section 34-27C-12 - Prohibited Activities.
Section 34-27C-13 - Violations.
Section 34-27C-15 - Security Certification Fund.
Section 34-27C-16 - Contract Security License for Nonresident.