California Statutes
§ 12920.5. — 12920.5. (Amended by Stats. 2021, Ch. 50, Sec. 245.)
California § 12920.5.
JurisdictionCalifornia
Code INSInsurance Code - INS
Div. 3.DIVISION 3. THE INSURANCE COMMISSIONER
Ch. 2.CHAPTER 2. Powers and Duties
Art. 1.ARTICLE 1. Generally
This text of California § 12920.5. (12920.5. (Amended by Stats. 2021, Ch. 50, Sec. 245.)) 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 § 12920.5. (2026).
Text
In addition to and independent of any and all other proper causes for refusal by the commissioner to approve or accept any bond filed or presented for filing with the commissioner under any provision of this code or other laws, the commissioner shall decline to approve, accept, or file any bond, if, in the commissioner’s opinion, the principal and the surety are affiliated in any manner whereby insolvency of the one party would affect the solvency of the other or whereby it is made uncertain whether or not that result might occur.
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Legislative History
Amended by Stats. 2021, Ch. 50, Sec. 245. (AB 378) Effective January 1, 2022.
Nearby Sections
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Bluebook (online)
California § 12920.5., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/INS/12920.5..