ARTICLE 5. Bonds [1662. - 1665.]

Article 5 added by Stats. 1959, Ch. 4.

§§ 1662–1665 · 3 sections

• § 1662 A property broker-agent, a casualty broker-agent, and a personal lines broker-agent shall, prior to acting in the capacity of an insurance broker, file with…
• § 1663 Such bond shall be duly executed by an admitted surety insurer, shall be continuous in form, and shall be in favor of the people of the State of California.
• § 1665 The bond of a property broker-agent and a casualty broker-agent shall be in the amount of ten thousand dollars ($10,000). Individuals and organizations…