# Cal. INS § 12102: Section 12102

> California · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12102

## Section

- **Citation:** Cal. INS § 12102
- **Heading:** Section 12102
- **Jurisdiction:** California
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** California Code / Code ins / Division 2 / Part 4 / Chapter 1 / Article 5 / Section 12102

## Text

(a) An insurer with a certificate of authority to transact the business of financial guaranty insurance as defined in Section 12100 may also transact the business of surety insurance as defined in Section 105.

(b) An insurer licensed in this state to transact financial guaranty insurance may not transact any other classes of insurance in this state except surety insurance.

(c) An insurer that anywhere transacts or is licensed for any classes other than financial guaranty insurance, surety insurance, and credit insurance shall not be eligible for a certificate of authority for the class of financial guaranty insurance in this state.

(d) A financial guaranty insurance corporation may only assume in this state those lines of insurance it is admitted to transact in this state.

(e) In other states, an insurer may assume financial guaranty, surety, and credit lines of insurance if it is authorized to transact those lines of insurance in other states.

(f) After licensure the holder shall continue to comply with the requirements of this section.

## Nearby sections

- [Cal. INS § 12100 Section 12100](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12100.md)
- [Cal. INS § 12101 Section 12101](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12101.md)
- [Cal. INS § 12102 Section 12102](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12102.md)
- [Cal. INS § 12103 Section 12103](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12103.md)
- [Cal. INS § 12104 Section 12104](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12104.md)
- [Cal. INS § 12105 Section 12105](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12105.md)
- [Cal. INS § 12106 Section 12106](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12106.md)
- [Cal. INS § 12107 Section 12107](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12107.md)
- [Cal. INS § 12108 Section 12108](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12108.md)
- [Cal. INS § 12109 Section 12109](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12109.md)
- [Cal. INS § 12110 Section 12110](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12110.md)
- [Cal. INS § 12111 Section 12111](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12111.md)
- [Cal. INS § 12112 Section 12112](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12112.md)
- [Cal. INS § 12113 Section 12113](https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12113.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CA_Cins_D2_P4_C1_A5_S12102. Check the current official text before relying on it. Not legal advice.