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DIVISION 2. SAVINGS ASSOCIATION LAW 5000-10009›CHAPTER 3. Corporate Administration 6000-6477›ARTICLE 5. Indemnity Bonds 6200-6204

§ 6204

California Financial Code · 2018-11 edition · updated 2026-10-04 · California

Indemnity bonds shall provide that their cancellation either by the surety or by the insured shall not become effective unless and until 10 days’ notice in writing first shall have been given to the commissioner, unless the cancellation is approved earlier by the commissioner.

(Added by Stats. 1983, Ch. 1091, Sec. 2.)

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California Financial Code

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