California § 12101 - An insurer may be organized and admitted to transact financial guaranty insurance
Full text of California Public Contract Code - PCC § 12101 — An insurer may be organized and admitted to transact financial guaranty insurance, with citation guidance and answers to common questions.
§ 12101. An insurer may be organized and admitted to transact financial guaranty insurance
An insurer may be organized and admitted to transact financial guaranty insurance in the manner prescribed for stock property and casualty insurers by the laws of this state. Except as provided in Section 12118, an insurer shall be required to be licensed to transact financial guaranty insurance in California before it transacts that insurance in this state. An insurer shall become admitted to transact financial guaranty insurance upon making application and complying with all the requirements of the law.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12101
What does Public Contract Code - PCC § 12101 cover?
Section 12101 ("An insurer may be organized and admitted to transact financial guaranty insurance") 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 § 12101?
A common citation format is "Public Contract Code - PCC § 12101" (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 § 12101 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.