Sections
4 entriesSection 8697Requires every registered company to maintain a $12,500 bond executed by an admitted surety insurer. Prohibits satisfying this bonding requirement through another…Section 8697.2Requires bonds under the article to run in favor of California for the benefit of persons damaged after contracting with a registered…Section 8697.3Requires an additional registrar-set surety bond of $1,000 to $25,000, after specified discipline and hearing, as a condition of license or registration…Section 8697.4Requires the registrar to suspend or revoke a license or company registration when the licensee or registered company fails to keep a…