California Business and Professions Code

§ 7044.2

BPC § 7044.2 Effective Jan 1, 1998Div. 3 · Ch. 9 · Art. 3

Statute text

This chapter does not apply to an admitted surety insurer whenever that surety insurer engages a contractor to undertake the completion of a contract on which a performance or completion bond was issued by the surety insurer, provided all actual construction work is performed by duly licensed contractors.

Legislative history

Amended by Stats. 1997, Ch. 17, Sec. 7. Effective January 1, 1998.