California Legal Codes and Statutes

§ 16528

Amended by Stats. 1977, Ch. 582.

The bond of an admitted surety insurer shall not be accepted as security for demand or time deposits unless it has been certified by the Insurance Commissioner as meeting the requirements of this chapter and unless it also holds a certificate of authority from the United States Treasury Department under which it is eligible as surety on federal bonds.

Cite this section

Cal. Gov. Code § 16528 (2026)
https://ca.codecond.com/codes/gov/title-2-government-of-the-state-of-california/division-4-fiscal-affairs/part-2-state-funds/chapter-4-bank-deposits/article-2-security-for-deposits/section-16528

Other sections in Article 2 - Security for Deposits

§ 16520§ 16521§ 16522§ 16523§ 16525§ 16526§ 16527§ 16528§ 16529§ 16530§ 16531§ 16531.1§ 16532§ 16533

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.