Cal. INS § 1665
This is the official text of Cal. INS § 1665, part of California’s Insurance Code — regulates insurance companies and the insurance policies sold in California.
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Official statutory text
The bond of a property broker-agent and a casualty broker-agent shall be in the amount of ten thousand dollars ($10,000). Individuals and organizations licensed for both property and casualty are only required to obtain one ten-thousand-dollar ($10,000) bond to act as a broker. The bond shall be contingent on the accounting by the property broker-agent or the casualty broker-agent to any person requesting insurance, for moneys or premiums collected by the property broker-agent or the casualty broker-agent when acting as a broker for insurance other than life.
Status: in_force · Read it on the official government site
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