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Code · California · Business and Professions Code

§ 8697

46 words·~1 min read·/ca/business-and-professions-code/8697·

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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.
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