Statute · California Business and Professions Code
Cal. Bus. & Prof. Code § 8697 — Indemnity Bonds
Cal. Bus. & Prof. Code § 8697
- Type
- Statute
- Source
- California Business and Professions Code
- Jurisdiction
- California
- Date
- 2014-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
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…
Citator
Cal. Bus. & Prof. Code § 8697 — Indemnity Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
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.