Financial Code section 17310

(a)

It shall be the purpose of Fidelity Corporation to indemnify a member within the State of California against loss, subject to the limitations set forth in this chapter.

(b)

Fidelity Corporation shall not be liable for any consequential damages sustained by a member, or by any other person, nor for any punitive damages whatsoever.

(c)

The indemnification shall be provided by any of the following:

(1)

A fund established by Fidelity Corporation pursuant to Section 17320.

(2)

A fidelity bond or insurance policy to be approved by the commissioner.

(3)

A combination of paragraphs (1) and (2) subject, however, to the maximum coverage specified in subdivision (b) of Section 17314.

(d)

Fidelity Corporation shall provide a copy to all of its members and the commissioner of the fidelity bond or insurance policy as it is acquired or renewed, and Fidelity Corporation shall promptly provide a copy to any member or successor in interest, upon request.

Source: Section 17310, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=FIN§ionNum=17310.­ (updated Jan. 1, 2007; accessed Aug. 11, 2025).

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Verified:
Aug. 11, 2025

§ 17310's source at ca​.gov