Business and Professions Code section 8697

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.

Source: Section 8697, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=8697. (updated Jan. 1, 2014; accessed Jun. 25, 2025).

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Jun. 25, 2025

§ 8697's source at ca.gov

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Location: https://california.public.law/codes/business_and_professions_code_section_8697

Original Source: Section 8697, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC§ionNum=8697. (last accessed May 12, 2025).