Section 1329 Of Article 3. Filing Of Documents From California Insurance Code >> Division 1. >> Part 2. >> Chapter 3. >> Article 3.
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. Where provision is made, by the power of attorney executed by
the subscribers or the rules adopted by the exchange, for the
bonding of the attorney-in-fact against fraud and dishonesty with a
bond executed as prescribed in Section 1325 and conditioned as
provided by this chapter and in a penal sum at least equal to the
amount set forth in Section 1326, such bond may be filed with the
commissioner in lieu of any other bond required by this chapter and
shall be actionable in similar manner and for similar purposes as
such other bond.