California § 12117 - A financial guaranty insurance corporation shall not be deemed in violation of an
Full text of California Public Contract Code - PCC § 12117 — A financial guaranty insurance corporation shall not be deemed in violation of an, with citation guidance and answers to common questions.
§ 12117. A financial guaranty insurance corporation shall not be deemed in violation of an
A financial guaranty insurance corporation shall not be deemed in violation of any limitation prescribed by Section 12115 with respect to any financial guaranty insurance outstanding prior to January 1, 1991, if the financial guaranty insurance corporation was in compliance with the applicable single risk limit in effect in this state at the time that the financial guaranty insurance policy was issued. If the financial guaranty insurance corporation was not so in compliance, it shall comply with the limitations prescribed by Section 12115 no later than January 1, 1994.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 12117
What does Public Contract Code - PCC § 12117 cover?
Section 12117 ("A financial guaranty insurance corporation shall not be deemed in violation of an") 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 § 12117?
A common citation format is "Public Contract Code - PCC § 12117" (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 § 12117 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.