In order to lawfully provide immigration consulting services in California, the California Secretary of State website states that, "[p]rior to engaging in the business or acting in the capacity of an immigration consultant, a person must obtain a $100,000 bond from a corporate surety (admitted to do business in California) and file a copy of the bond with the Secretary of States's office..." [italicize and bold by AmeriPro Surety Bonds].
The $100,000 California Immigration Consultant bond is designed to protect the public from wrongful, negligent, or acts of malfeasance in the performance of duties as an immigration consultant.
Qualifying for the $100,000 California immigration consultant bond is by means of a short surety bond application --- which we'll take from you over the phone, and a credit review. Applicants should know ahead of time that surety bond agencies (not just our own) utilize "soft inquiries" which don't impact your credit score.
As part of the application, to be approved through our agency will require good credit. If approved, your premium will be a total of $1750, which amounts to $875 for the two year term. The bond's premium may not be paid from one year to the next; it is a two year bond and the premium amount, upon good credit, is what will be owed.
After approval of your bond by our underwriter and payment of the 2-year premium, our agency issues the bond to you. The bond is delivered by mail. Overnight delivery is typically available for an additional fee.
Upon receipt of your surety bond, you'll sign it as Principal, have it notarized if required, and mail it to (along with any fees to the Secretary of State):
California Secretary of State
P.O. Box 942870
Sacramento, CA 94277-2870
The immigration consultant bond is issued for a period of 2 years, at which time the bond and premium will both renew.
The premium must be re-paid before the expiration of the surety bond, otherwise the immigration consultant must cease all business consulting activities covered under the bond until the premium has been paid, or a new $100,000
California immigration consultant surety bond has been issued.A prior felony conviction and disqualifying misdemeanor convictions (i.e. engaging in immigration consulting with a surety bond; embezzlement; illegal immigration forms, etc) may prevent one from being appointed as an immigration consultant.
To better understand an immigration consulting bond, bear in mind that the bond is NOT insurance for the California immigration consultant. More properly understood, the bond is a protection that the immigration consultant consultant is required to purchase on behalf of the public.
Therefore, the three parties to a California Immigration Consulting Bond are as follows:
The obligee is the California Secretary of State. This is the entity which is requiring the issuance of this surety bond. The bond is on behalf of and in favor of the California Secretary of State; and for the public who utilize the services of an immigration consultant.
The principal is YOU, the applicant for the surety bond.
The surety bond is the insurance company issuing the bond which will be filed by the principal with the obligee, in this case, the California Secretary of State.
AmeriPro Surety Bonds is about one thing: Surety bonds, ---contractor, fiduciary, license and permit, nationwide, for our clients. We will work with you to get your immigration consulting bond issued in a matter of a few days or a few hours. Call us today at 844-589-9732.