California Insurance Code
§ 12102
INS § 12102 Effective Jun 14, 2004Div. 2 · Part 4 · Ch. 1 · Art. 5
Statute text
View on leginfo.ca.gov(a)An insurer with a certificate of authority to transact the business of financial guaranty insurance as defined in Section 12100 may also transact the business of surety insurance as defined in Section 105.
(b)An insurer licensed in this state to transact financial guaranty insurance may not transact any other classes of insurance in this state except surety insurance.
(c)An insurer that anywhere transacts or is licensed for any classes other than financial guaranty insurance, surety insurance, and credit insurance shall not be eligible for a certificate of authority for the class of financial guaranty insurance in this state.
…
Legislative history
Amended by Stats. 2004, Ch. 47, Sec. 1. Effective June 14, 2004.