General provisions

The Executive Director of the Alabama State Bar shall act as the treasurer of the Committee and shall be an ex officio member of the Committee and shall have no vote. A. The Committee shall not consider granting reimbursement for loss or damage resulting from incompetence or malpractice, but only for loss sustained by reason of dishonest acts. B. The Committee shall not reimburse any person, firm, or association (such as a bonding company, for example) for any loss wherein such person, firm, or association has been compensated for assuming a risk of loss. [Amended eff. 1-14-2011.] Note from the reporter of decisions: The order amending the Alabama State Bar Client Security Fund Rules, effective January 14, 2011, is published in that volume of the Alabama Reporter that contains Alabama cases from So. 3d.