§ 606
63 words·~1 min read·
/ca/financial-code/606A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If required by the commissioner, the conservator, liquidator, receiver, or members of the liquidating committee appointed under this article shall provide proof of bond coverage that extends to the conservator, liquidator, receiver, or members of the liquidating committee. The bond shall include fraud, dishonesty, and faithful performance coverage. The premium for that bond shall be paid out of the assets of the licensee.