California Insurance Code

§ 1802.5

INS § 1802.5 Effective Jan 1, 2007Div. 1 · Part 2 · Ch. 7 · Art. 1

Statute text

A bail permittee’s license, by its terms, permits the licensee to solicit, negotiate, issue, and deliver bail bonds. The license shall not be issued unless and until there is filed with the commissioner a bond having an admitted surety insurer as surety thereon in the penal sum of five thousand dollars ($5,000), conditioned upon the proper application and disposal of all moneys collected or received by the bail permittee, his or her solicitors licensed pursuant to his or her appointment, and his or her employees, in favor of the people of the State of California.

Legislative history

Amended by Stats. 2006, Ch. 538, Sec. 459. Effective January 1, 2007.