Section 1802.71 Of Chapter 7. Bail Licenses From California Insurance Code >> Division 1. >> Part 2. >> Chapter 7.
1802.71
. The holder, or former holder of a bail license, who has
deposited with the commissioner securities in lieu of a bond as
provided by Section 1802.7, may at any time substitute therefor a
bond complying with the requirements of Section 1802, 1802.5, or
1803, as the case may be. Such a bond must embrace all liability
theretofore existing or which may thereafter be incurred for the
fulfillment of which the securities have been held, whether reported
or unreported.
The substitution of such a bond for securities shall be
conditioned upon the approval of the commissioner. Upon receiving
such approval and the filing of the bond, the applicant shall be
permitted to withdraw the securities theretofore deposited on his
behalf.