The bond required by this chapter shall be taken in the name of the people in the 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 name to recover damages suffered by reason of that willful, malicious, or wrongful act.
Cal. Ins. Code § 15034
Bonds
Known as the Public Insurance Adjusters Act
The act spans §§ 15000 to 15062 (71 sections).
Added by Stats. 1985, Ch. 1202, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.