California Financial Code ARTICLE 5 - Indemnity Bonds

• Section 6200.
  Except as provided in subdivision (b) of Section 6203, all directors, officers, and employees of an association shall, before entering upon the performance of any...
• Section 6201.
  Associations that employ collection agents, who for any reason are not covered by a bond required under Section 6200, shall provide for the bonding of...
• Section 6202.
  No indemnity bond coverage is required of any agent that is a financial institution insured by the Federal Deposit Insurance Corporation.(Amended by Stats. 1990, Ch....
• Section 6203.
  (a) The amounts and form of indemnity bonds and sufficiency of the surety shall be approved by the board of directors and by the commissioner.(b) In lieu...
• Section 6204.
  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...

Last modified: October 22, 2018