California Insurance Code

§ 15033

INS § 15033 Effective Jan 1, 2006Div. 5 · Ch. 2 · Art. 4

Statute text

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.

Legislative history

Amended by Stats. 2005, Ch. 448, Sec. 18. Effective January 1, 2006.