Financial Code section 6203

(a)

The amounts and form of indemnity bonds and sufficiency of the surety shall be approved by the board of directors and by the commissioner.

(b)

In lieu of individual bonds, a blanket bond, protecting the association from loss through any act or acts of any director, officer, employee or agent, may be obtained.

(c)

A true copy of every indemnity bond shall be on file at all times at the association’s home office.

Source: Section 6203, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=6203. (accessed Jun. 2, 2025).

6200
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6203
6204

Last Updated

May 12, 2025

§ 6203’s source at ca.gov

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Location: https://california.public.law/codes/financial_code_section_6203

Original Source: Section 6203, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=6203. (last accessed May 12, 2025).