California Insurance Code

§ 1329

INS § 1329Div. 1 · Part 2 · Ch. 3 · Art. 3

Statute text

Where provision is made, by the power of attorney executed by the subscribers or the rules adopted by the exchange, for the bonding of the attorney-in-fact against fraud and dishonesty with a bond executed as prescribed in Section 1325 and conditioned as provided by this chapter and in a penal sum at least equal to the amount set forth in Section 1326, such bond may be filed with the commissioner in lieu of any other bond required by this chapter and shall be actionable in similar manner and for similar purposes as such other bond.

Legislative history

Amended by Stats. 1947, Ch. 578.