The Federal Insurance Agency may be, and act as, a conservator, liquidator, or receiver without bond.
Cal. Fin. Code § 621
Conservation or Liquidation of an Insured Licensee
Added by Stats. 2011, Ch. 243, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.