Government Code section 16615

An admitted surety insurer is not eligible as surety for deposits in any one savings and loan association or credit union in amounts in excess of 10 percent of the capital and surplus of the surety as shown in the preceding report issued by the United States Treasury Department.

Source: Section 16615, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16615. (updated Jan. 1, 1987; accessed Jul. 21, 2025).

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Up to date

Verified:
Jul. 21, 2025

§ 16615's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_16615

Original Source: Section 16615, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16615. (last accessed May 12, 2025).