TITLE 50: INSURANCE
CHAPTER V: DEPARTMENT OF FINANCIAL INSTITUTIONS
PART 8100 TITLE INSURANCE ACT
SECTION 8100.1700 BONDS AND SECURITIES ACCEPTABLE FOR DEPOSIT


 

Section 8100.1700  Bonds and Securities Acceptable for Deposit

 

Each independent escrowee prior to becoming certified by the Director to transact business in this State will deposit with the Department bonds of the United States, this State or any body politic of this State in the amount specified by Section 4.(b) of the Act ("Bonds").  No other bonds or securities are acceptable for deposit.