Insurance Code section 1327


The attorney’s bond may be sued upon in one and the same action either by any subscriber or any number of subscribers suffering loss through a violation of its conditions or by the receiver or trustee in liquidation of the exchange. Liability thereunder may be enforced by any one or more of such parties.

Source: Section 1327, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=1327.­ (updated Jan. 1, 1935; accessed Jun. 16, 2025).

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§ 1327’s source at ca​.gov