The bond required by this article shall be taken in the name of the people of this state and every person injured by the willful, malicious, or wrongful act of the principal may bring an action on the bond in his or her own name to recover damages suffered by reason of such willful, malicious, or wrongful act.
Cal. Ins. Code § 14051
Bonds
Known as the Insurance Adjuster Act
The act spans §§ 14000–14099 (72 sections).
Added by Stats. 1980, Ch. 1190, Sec. 11
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.