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.
Structure Code of Alabama
Title 36 - Public Officers and Employees.
Article 2 - Bonds of State Officers, Employees, etc., Generally.
Division 1 - General Provisions.
Section 36-5-42 - Bonds to Be Made by Surety or Guaranty Companies.
Section 36-5-43 - Premiums on Bonds.
Section 36-5-44 - Payment of Premiums on Bonds.
Section 36-5-45 - Cancellation of Bonds Upon Termination, Consolidation, etc., of Positions.