Statute · California Insurance Code
Cal. Ins. Code § 15033 — Bonds
Cal. Ins. Code § 15033
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 2006-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
No license shall be issued under this chapter unless the applicant files with the commissioner a surety bond executed by a surety company authorized to do business in the state in the sum of twenty thousand dollars ($20,000) conditioned for the faithful and honest conduct of business by the…
Citator
Cal. Ins. Code § 15033 — Bonds is in force in the current edition of the Code, and nothing recorded condemns it.
No license shall be issued under this chapter unless the applicant files with the commissioner a surety bond executed by a surety company authorized to do business in the state in the sum of twenty thousand dollars ($20,000) conditioned for the faithful and honest conduct of business by the applicant. The bond, as to its form, execution, and sufficiency of the surety shall be approved by the commissioner.