Cal. Bus. & Prof. Code § 8697

Current through the 2023 Legislative Session.
Section 8697 - Indemnity bond

Each company registered under the provisions of this chapter shall maintain a bond executed by an admitted surety insurer in the amount of twelve thousand five hundred dollars ($12,500). Another method of deposit, including a certificate of deposit, or other undertaking shall not satisfy this requirement.

Ca. Bus. and Prof'l. Code § 8697

Amended by Stats 2013 ch 218 (SB 662),s 5, eff. 1/1/2014.