California § 950 - Whenever such a depositing insurer has paid, canceled, or reinsured all its unexp
Full text of California Public Contract Code - PCC § 950 — Whenever such a depositing insurer has paid, canceled, or reinsured all its unexp, with citation guidance and answers to common questions.
§ 950. Whenever such a depositing insurer has paid, canceled, or reinsured all its unexp
Whenever such a depositing insurer has paid, canceled, or reinsured all its unexpired policies outstanding in this State, and all its liabilities under such policies are extinguished, or assumed by other responsible insurers, it may apply to the commissioner for return of its deposit. Such application shall be in writing and verified. If on such application, and from an examination of the books of the insurer and of its officers under oath, the commissioner is satisfied that all of its policies are so paid, canceled, extinguished, or reinsured, he shall deliver up to the insurer the securities deposited.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 950
What does Public Contract Code - PCC § 950 cover?
Section 950 ("Whenever such a depositing insurer has paid, canceled, or reinsured all its unexp") 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 § 950?
A common citation format is "Public Contract Code - PCC § 950" (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 § 950 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.