Code of Civil Procedure - CCP - CCP § 995.311

Summary

(a) Notwithstanding any other provision of law, any bond required on a public works contract, as defined in Section 1101 of the Public Contract Code, shall be executed by an admitted surety insurer. A public agency approving the bond on a public works contract shall have a duty t

Text

(a)
Notwithstanding any other provision of law, any bond required on a public works contract, as defined in Section 1101 of the Public Contract Code, shall be executed by an admitted surety insurer. A public agency approving the bond on a public works contract shall have a duty to verify that the bond is being executed by an admitted surety insurer.
(b)
A public agency may fulfill its duty under subdivision (a) by verifying the status of the party executing the bond in one
of the following ways:
(1)
Printing out information from the website of the Department of Insurance confirming the surety is an admitted surety insurer and attaching it to the bond.
(2)
Obtaining a certificate from the county clerk that confirms the surety is an admitted insurer and attaching it to the bond.

Retrieval chunks

• #1 | Code of Civil Procedure - CCP - CCP § 995.311

  (a) Notwithstanding any other provision of law, any bond required on a public works contract, as defined in Section 1101 of the Public Contract Code, shall be executed by an admitted surety insurer. A public agency approving the bond on a public works contract shall have a duty to verify that the bond is being execut…