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California Insurance Code

§ 1616

INS § 1616Div. 1 · Part 2 · Ch. 4 · Art. 4

Statute text

View on leginfo.ca.gov
Before any nonadmitted foreign or alien insurer shall file or cause to be filed any pleading in any action, suit or proceeding instituted against it, the insurer shall either (1) procure a certificate of authority to transact insurance in this state; or (2) give a bond in the action, suit or proceeding in an amount to be fixed by the court sufficient to secure the payment of any final judgment which may be rendered in the action, suit, or proceeding.

Legislative history

Amended by Stats. 1982, Ch. 517, Sec. 283.

Source: California Insurance Code § 1616 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.