LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeFinancial CodeDiv. 1Ch. 3Art. 3§ 354 Employee Bond Requirements

§ 354 Employee Bond Requirements

Financial Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 354 Employee Bond Requirements

Key Takeaways

  • •The boss can ask workers to get a special promise (bond) to do their job honestly.
  • •The boss decides how much this promise should cover.
  • •The department pays for this promise, not the worker.

Example

If a government worker handles money, the boss might make them get a bond.

The boss decides the bond amount, and the department pays for it to make sure the worker doesn’t steal or mess up.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 354 Employee Bond Requirements

The commissioner may require, at any time, of any deputy, examiner, or other employee of the department, an official bond in such amount as the commissioner may deem necessary. The premium for bonds required by the commissioner shall be an expense of the department. (Added by Stats. 2011, Ch. 243, Sec. 2. (SB 664) Effective January 1, 2012.)

Last verified: January 23, 2026

Key Terms

insurancecommissionemployeepremium

Related Statutes

  • § 329 Bank Regulatory Provisions
  • § 411 Department Expenses Funding Source
  • § 412 Moneys To State Treasurer
  • § 6203 Association Indemnity Bond Requirements
  • § 18521.5 Industrial Loan Insurance Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Financial Code. Section 354.
View Official Source