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Section 5506 Of Chapter 9. Commercial Air Carriers From California Public Utilities Code >> Division 2. >> Chapter 9.

5506
. The protection required under Section 5503 shall be evidenced either by the deposit with the commission, covering each aircraft used or to be used in commercial operations for compensation, of:
  (a) A copy of the policy of insurance, issued by a company licensed to write such insurance in the State; or
  (b) A bond of a surety company licensed to write surety bonds in the State.
  (c) Such evidence of the qualification of the commercial air operator as a self-insurer as may be authorized by the commission.