Section 995.311 - Execution of bond required on public works contract(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.Ca. Civ. Proc. Code § 995.311
Added by Stats 2001 ch 181 (AB 263), s 1, eff. 1/1/2002.