§ 16617
56 words·~1 min read·
/ca/government-code/16617A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bond of an admitted surety insurer shall not be accepted as security for deposits unless it has been certified by the Insurance Commissioner as meeting the requirements of this chapter and unless it also holds a certificate of authority from the United States Treasury Department under which it is eligible as surety on federal bonds.