California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 14 — Of Miscellaneous Provisions, Chapter 2 — Bonds and Undertakings, Article 1 — Preliminary Provisions and Definitions, Section 995.120
(a) “Admitted surety insurer” means a corporate insurer or a reciprocal or interinsurance exchange to which the Insurance Commissioner has issued a certificate of authority to transact surety insurance in this state, as defined in Section 105 of the Insurance Code.
(b) For the purpose of application of this chapter to a bond given pursuant to any statute of this state, the phrases “admitted surety insurer,” “authorized surety company,” “bonding company,” “corporate surety,” and comparable phrases used in the statute mean “admitted surety insurer” as defined in this section.
Notes
Defines “admitted surety insurer” as a corporate insurer or reciprocal or interinsurance exchange holding an Insurance Commissioner certificate authorizing surety insurance in California. Also requires comparable statutory phrases such as authorized surety company, bonding company, and corporate surety to mean that defined term when the chapter applies to a statutory bond.
Use as reference
Lexinter.net | California Code, Code of Civil Procedure - CCP § 995.120 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-14/chapter-2/article-1/section-995-120