DIVISION 2. CLASSES OF INSURANCE 1880-12880.6›PART 3. LIABILITY, WORKERS' COMPENSATION, AND COMMON CARRIER LIABILITY INSURANCE 11550-11895›CHAPTER 4. The State Compensation Insurance Fund 11770-11886.2›ARTICLE 1. Organization and Powers 11770-11805
§ 11786
California Insurance Code · 2020-11 edition · updated 2026-10-04 · California
Before entering on the duties of his or her office, the president shall qualify by giving an official bond approved by the board of directors in the sum of fifty thousand dollars ($50,000) and by taking and subscribing to an official oath. The approval of the board shall be by written endorsement on the bond. The bond shall be filed in the office of the Secretary of State.
(Amended by Stats. 2002, Ch. 6, Sec. 12. Effective January 1, 2003.)
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