Alabama Code 2-28-10.1. Financial responsibility
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Terms Used In Alabama Code 2-28-10.1
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
- state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
Pending adoption of rules and regulations, the statutory requirements for bond and insurance shall remain in effect.