California Insurance Code

§ 1326

INS § 1326Div. 1 · Part 2 · Ch. 3 · Art. 3

Statute text

The attorney’s bond shall be in the penal sum of fifty thousand dollars ($50,000), conditioned that the attorney will faithfully account for all moneys and other property which come into his or her hands or are handled by him or her under the terms of the power of attorney and the rules of the exchange, and that the attorney will neither withdraw nor cause to be withdrawn nor appropriate for his or her own use, from the funds of the exchange, anything of value to which he or she is not entitled under the terms of the power of attorney and the rules.

Legislative history

Amended by Stats. 1982, Ch. 517, Sec. 282.