California § 61407.4 - The director may bring an action against a surety bond company if the company fai
Full text of California Public Contract Code - PCC § 61407.4 — The director may bring an action against a surety bond company if the company fai, with citation guidance and answers to common questions.
§ 61407.4. The director may bring an action against a surety bond company if the company fai
(a) The director may bring an action against a surety bond company if the company fails to do any of the following: (1) Acknowledge promptly and act reasonably upon receiving a bond demand from the director. (2) Promptly investigate and process claims. (3) Make fair and equitable settlement of claims. (4) Pay the bond amount to the director. (b) The authority provided in subdivision (a) is in addition to the authority provided for in subdivision (h) of Section 790.03 of the Insurance Code. (c) In addition to the bond proceeds, the surety bond company may be ordered to pay interest at the prevailing prime rate on the amounts owed from the date the claim was filed, all of the departmentâs court costs, and reasonable attorneyâs fees.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 61407.4
What does Public Contract Code - PCC § 61407.4 cover?
Section 61407.4 ("The director may bring an action against a surety bond company if the company fai") 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 § 61407.4?
A common citation format is "Public Contract Code - PCC § 61407.4" (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 § 61407.4 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.