Bus. & Prof. Code, § 8697 · Article 10. Indemnity Bonds

Bus. & Prof. Code, § 8697

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

Each company registered under the provisions of this chapter shall maintain a bond executed by an admitted surety insurer in the amount of twelve thousand five hundred dollars ($12,500). Another method of deposit, including a certificate of deposit, or other undertaking shall not satisfy this requirement.

Notes and commentary — not statutory text

History

Amended by Stats. 2013, Ch. 218, Sec. 5. (SB 662) Effective January 1, 2014.

Source of truth

Edition: As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file: https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=BPC&sectionNum=8697.
Text hash: sha256 1f49c8646b4772385ab682daa3d89a8d8ea1a3706f2db1887dddf854c3a91952
Composed by: compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 1 provision

Provisions in this library whose text cites Bus. & Prof. Code, § 8697. Each shows the citation as that text prints it.

Business and Professions Code

Bus. & Prof. Code, § 8697.3Printed as Section 8697 of this article

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.