ARTICLE 3. Special Restrictions on Business

Article 3 enacted by Stats. 1935, Ch. 145.

§§ 12090–12093 · 4 sections

• § 12090 (a) An admitted surety insurer shall not become surety on any one undertaking, or accept reinsurance on such undertaking, when its liability thereon, in excess…
• § 12091 Whenever a surety insurer fails to maintain such a financial condition that assets allowed under subdivision (a) are equal in value to the aggregate of the…
• § 12092 Whenever such an insurer fails to maintain the financial condition required by section 12091, the commissioner shall require the deficiency to be made up in…
• § 12093 Whenever a surety insurer gives notice of cancellation of the coverage of an employee under a blanket fidelity bond, upon the request of the employee, the…