California § 954 - The commissioner shall make an annual examination of the securities received by h

Full text of California Public Contract Code - PCC § 954 — The commissioner shall make an annual examination of the securities received by h, with citation guidance and answers to common questions.

§ 954. The commissioner shall make an annual examination of the securities received by h

The commissioner shall make an annual examination of the securities received by him from each insurer. If it appears at any time that the securities deposited by any such insurer amount to less than the sum required for the purposes for which the deposit was made, he shall notify the insurer thereof. Unless the deficiency is made up within thirty days after the notice, the commissioner shall revoke the insurer’s certificate of authority, countermand all the certificates issued to the insurer under this article, and give notice thereof to the officers of the several States to whom the certificate has been transmitted.

Source: official California text · Last verified 2026-08-27

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Frequently Asked Questions About California § 954

What does Public Contract Code - PCC § 954 cover?

Section 954 ("The commissioner shall make an annual examination of the securities received by h") 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 § 954?

A common citation format is "Public Contract Code - PCC § 954" (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 § 954 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.