California Business and Professions Code 7044.2 – This chapter does not apply to an admitted surety insurer whenever …
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This chapter does not apply to an admitted surety insurer whenever that surety insurer engages a contractor to undertake the completion of a contract on which a performance or completion bond was issued by the surety insurer, provided all actual construction work is performed by duly licensed contractors.
(Amended by Stats. 1997, Ch. 17, Sec. 7. Effective January 1, 1998.)
Terms Used In California Business and Professions Code 7044.2
- Contract: A legal written agreement that becomes binding when signed.