§ 995.660.Documents Submitted By Insurer If Objection Made to Sufficiency Or Approval of Bond Required
Title 14. Of Miscellaneous Provisions · Chapter 2. Bonds and Undertakings · Article 6. Admitted Surety Insurers · Last amended 1995 · Last verified July 28, 2026
Full Text of § 995.660
Plain-English Summary
Once an admitted surety insurer's sufficiency is challenged, or its bond needs approval, this section spells out exactly what the insurer must produce and how fast. Within ten calendar days of each request, the insurer must submit the original or a certified copy of its authorization instrument, a certified copy of its certificate of authority from the Insurance Commissioner, a county clerk's certificate confirming that authority hasn't lapsed (or has been renewed), and copies of its most recent annual and quarterly financial statements filed with the Department of Insurance.
Subdivision (b) tells the court or officer what to do with those documents. If the insurer complies and the paperwork shows the bond was properly executed, the insurer is authorized to write surety insurance in California, and its assets exceed its liabilities by at least the bond amount, the insurer counts as sufficient and must be accepted or approved as surety -- subject to Insurance Code § 12090.
Section 995.670 builds on this by barring public agencies from layering additional requirements onto what this section already demands, and § 995.675 carves out a narrow exception for certain environmental regulators.
Frequently Asked Questions
What documents must an admitted surety insurer produce once its sufficiency is challenged?
Its authorization instrument, a certified certificate of authority, a county clerk's certificate, and its most recent financial statements filed with the Department of Insurance.
How much time does the insurer have to produce these documents?
Ten calendar days from receipt of each request.
What must the court or officer find to treat the insurer as sufficient?
That the bond was duly executed, the insurer is authorized to transact surety insurance in California, and its assets exceed its liabilities by at least the bond amount.
Amendment History
Amended by Stats. 1994, Ch. 487, Sec. 1. Effective January 1, 1995.