No person shall transport passengers or property by motor vehicle on the highways of this State for compensation, except persons engaged in the transportation exempted by the Alabama Motor Carrier Act, as amended, unless and until there shall have been filed with and accepted by the Commission a surety bond, certificate of insurance, proof of qualifications as a self-insurer, or other securities or agreements, in not less than the amounts prescribed in this rule, conditioned to pay any final judgment recovered against such person for bodily injuries to or the death of any person resulting from the negligent or wanton operation, maintenance or use of motor vehicles on the highways of this State, or for loss of or damage to property of others.
Ala. Admin. Code r. 770-X-10-.04-.01
Author: Alabama Public Service Commission
Statutory Authority:Code of Ala. 1975, §§ 37-3-5, 37-3-7.