Section 18346.1 Of Article 1. General From California Financial Code >> Division 7. >> Chapter 5. >> Article 1.
18346.1
. (a) In lieu of providing a bond required pursuant to
Section 18346, a licensee may deposit with the commissioner security
in an amount as the commissioner may determine, for the protection of
the public against loss suffered through theft or mysterious
disappearance. Such security may only be in the form of cash, lawful
money of the United States, bearer bonds issued by the United States
or the State of California or evidence of deposit in banks or
investment certificates issued by insured savings and loan
associations authorized or licensed to do business in the State of
California.
(b) Security deposited with the commissioner pursuant to
subdivision (a) shall not be deemed an asset of the licensee for the
purpose of complying with Article 3 of Chapter 2 of this division.