California § 12111 - An admitted financial guaranty insurance corporation shall adopt procedures reaso
Full text of California Public Contract Code - PCC § 12111 — An admitted financial guaranty insurance corporation shall adopt procedures reaso, with citation guidance and answers to common questions.
§ 12111. An admitted financial guaranty insurance corporation shall adopt procedures reaso
An admitted financial guaranty insurance corporation shall adopt procedures reasonably calculated to ensure, to the extent it is commercially feasible for the financial guaranty insurance corporation, that any prospectus which discloses that a policy of financial guaranty insurance has been issued also discloses that in the event the financial guaranty insurance corporation were to become insolvent, any claims arising under the policies of financial guarantee insurance are excluded from coverage by the California Insurance Guaranty Association, established pursuant to Article 15.2 (commencing with Section 1063) of Chapter 1 of Part 2 of Division 1.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12111
What does Public Contract Code - PCC § 12111 cover?
Section 12111 ("An admitted financial guaranty insurance corporation shall adopt procedures reaso") 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 § 12111?
A common citation format is "Public Contract Code - PCC § 12111" (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 § 12111 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.