§ 31-14-104 — Purpose of security; conditions

(a) The security shall be:
(i) For the protection, use and benefit of all
persons whose applications for membership in a motor club have
been accepted by the club or its representative;
(ii) Subject to the following conditions and, if a
bond, shall be so expressly conditioned:
(A) The club will faithfully furnish and render
to members any and all of the motor club services sold or
offered for sale by it;
(B) The club will pay any fines, fees or
penalties imposed upon it under or pursuant to this act.