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2. California Contractors State License Board - Wikipedia

   en.wikipedia.org/wiki/California_Contractors...

   Bonds may be provided by a surety company which is licensed by the California Department of Insurance and can cost a premium of $250-$2,250 depending on calculated risk for the required $15,000 bond. [8] The CLSB's contractor license classifications are broken down into four categories: A-General Engineering, B-General Building, C-Specialty ...

3. Bond insurance - Wikipedia

   en.wikipedia.org/wiki/Bond_insurance

   The economic value of bond insurance to the governmental unit, agency, or other issuer of the insured bonds or other securities is the result of the savings on interest costs, which reflects the difference between yield payable on an insured bond and yield payable on the same bond if it was uninsured—which is generally higher.

4. California Insurance Code - Wikipedia

   en.wikipedia.org/wiki/California_Insurance_Code

   The California Insurance Code are the codified California laws regarding insurance.The code not only covers requirements for home, auto, medical and business insurance policies, but also covers the licensing of bail bond agents, workers' compensation, motor club services, and other related business types.

5. New California regulation requires insurance companies to ...

   www.aol.com/california-regulation-requires...

   In 2023, Farmers announced a moratorium on new policies in the Sunshine State, the 15th insurer to do so over an 18-month period, and State Farm, California’s biggest homeowners insurer, did the ...

6. Builder's risk insurance - Wikipedia

   en.wikipedia.org/wiki/Builder's_risk_insurance

   Coverage can be purchased by the property owner or general contractor. [6] Builder's risk coverage may be necessary to show proof of insurance to comply with local city, county, and state building codes and is often required as a condition to many contracts.

7. Understanding Bond Insurance: What It Is and How It Protects ...

   www.aol.com/understanding-bond-insurance...

   Learn what bond insurance is, how it protects investors from default risks and why it can be a valuable financial instrument for bondholders.

8. Little Miller Act - Wikipedia

   en.wikipedia.org/wiki/Little_Miller_Act

   The bonding process helps weed out irresponsible contractors while the bond itself defrays the government's cost of substitute performance. The subrogation right of the bond surety against the contractor (i.e., the right to sue for indemnification) is a deterrent to non-performance. Bond sureties often require additional security, including ...

9. Limited home insurance options in California as major ...

   www.aol.com/finance/limited-home-insurance...

   Get major insurers to write policies for high-risk areas: The California Department of Insurance is looking for the top 12 home insurance companies in the state to commit to writing a minimum of ...