1,005 chapters · 21,709 sections in this title.
Gov. Code § 16614 Section 16614
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In lieu of deposits of securities, any otherwise eligible savings and loan association or credit union may deposit with the Treasurer bonds of admitted surety insurers as security for demand and time deposits. (Amended by Stats. 1987, Ch. 1035, Sec. 11.)
Gov. Code § 16615 Section 16615
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An admitted surety insurer is not eligible as surety for deposits in any one savings and loan association or credit union in amounts in excess of 10 percent of the capital and surplus of the surety as shown in the preceding report issued by the United States Treasury Department. …
Gov. Code § 16616 Section 16616
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On demand of the Treasurer, the Insurance Commissioner shall issue a certificate showing the qualifications of any admitted surety insurer as surety for deposits. (Added by Stats. 1976, Ch. 349.)
Gov. Code § 16617 Section 16617
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The bond of an admitted surety insurer shall not be accepted as security for 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 Departm…