Business and Professions Code § 8697

ARTICLE 10. Indemnity Bonds

Current as of September 28, 2026Bus. & Prof. Code, § 8697Official source ↗

Amended by Stats. 2013, Ch. 218, Sec. 5. (SB 662) Effective January 1, 2014.

Each company registered under the provisions of this chapter shall maintain a bond executed by an admitted surety insurer in the amount of twelve thousand five hundred dollars ($12,500). Another method of deposit, including a certificate of deposit, or other undertaking shall not satisfy this requirement.