California § 1583 - The deposit required by Section 1581 (a) Shall be continuously maintained so long
Full text of California Public Contract Code - PCC § 1583 — The deposit required by Section 1581 (a) Shall be continuously maintained so long, with citation guidance and answers to common questions.
§ 1583. The deposit required by Section 1581 (a) Shall be continuously maintained so long
The deposit required by Section 1581 (a) Shall be continuously maintained so long as any obligation arising out of any insurance transacted by such alien insurer in the United States remains in existence for any purpose whatever; (b) Shall consist of securities authorized for investment of the assets of domestic incorporated insurers; (c) Shall be in addition to any deposits required by law for purposes other than those specified in Section 1586; (d) May be made with the insurance authority, or with the auditor, controller or general fiscal officer of any State of the United States in which such alien insurer is authorized to transact insurance, or otherwise held in trust as provided by the laws of the State of deposit, for the purposes specified in Section 1586.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 1583
What does Public Contract Code - PCC § 1583 cover?
Section 1583 ("The deposit required by Section 1581 (a) Shall be continuously maintained so long") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 1583?
A common citation format is "Public Contract Code - PCC § 1583" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 1583 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.