Insurance Code section 922

The guarantee by the Small Business Administrator that a surety shall not suffer loss as set forth in the Small Business Investment Act of 1958, as amended, shall for all purposes and requirements under this code be deemed a contract of reinsurance between such surety and an authorized or admitted reinsurer irrespective of whether or not such guarantee contains all the provisions required of other reinsurance contracts.

Source: Section 922, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=922.­ (updated Jan. 1, 1973; accessed Jun. 9, 2025).

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Verified:
Jun. 9, 2025

§ 922’s source at ca​.gov