Home/California/Statutes/Code INS: Insurance Code - INS/Div. 2.: DIVISION 2. CLASSES OF INSURANCE/Part 4.: PART 4. MISCELLANEOUS CASUALTY INSURANCES/Ch. 1.: CHAPTER 1. Surety Insurers on Reserve Basis; Capital Requirements and Permitted Insurances/Art. 5.: ARTICLE 5. Financial Guaranty Insurance/§ 12117.
California Statutes

§ 12117. — 12117. (Added by Stats. 1990, Ch. 1032, Sec. 6.)

California § 12117.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 2.DIVISION 2. CLASSES OF INSURANCE
Part 4.PART 4. MISCELLANEOUS CASUALTY INSURANCES
Ch. 1.CHAPTER 1. Surety Insurers on Reserve Basis; Capital Requirements and Permitted Insurances
Art. 5.ARTICLE 5. Financial Guaranty Insurance

This text of California § 12117. (12117. (Added by Stats. 1990, Ch. 1032, Sec. 6.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Insurance Code - INS Code § 12117. (2026).

Text

A financial guaranty insurance corporation shall not be deemed in violation of any limitation prescribed by Section 12115 with respect to any financial guaranty insurance outstanding prior to January 1, 1991, if the financial guaranty insurance corporation was in compliance with the applicable single risk limit in effect in this state at the time that the financial guaranty insurance policy was issued. If the financial guaranty insurance corporation was not so in compliance, it shall comply with the limitations prescribed by Section 12115 no later than January 1, 1994.

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

Added by Stats. 1990, Ch. 1032, Sec. 6.
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
California § 12117., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/12117..