- (1) General Liability Insurance – A form of insurance that indemnifies against liability on account of injury to the person or property of another.
- (2) Surety Bond - A type of bond which protects against loss due to the inability or refusal of an obligor to perform his/her contract.
Author: Jim Sloan
Statutory Authority: Code of Ala. 1975, §24-6-4.
History: New Rule: Filed July 27, 2000; effective August 31, 2000; operative January 1, 2001.