California Interstate Carrier Program Surety Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of California ICP Participants
The California Interstate Carrier Program (ICP) allows private companies — DMV registration services businesses, motor carrier association, and vehicle rental companies, to process IRP transactions from their place of business.
IRP is short for International Registration Plans.
This plan is a reciprocal agreement between US states and Canadian provinces which allows for apportioning payment of registration fees as determined by the number of miles operated within the respective jurisdictions.
Applicants for ICP program, besides paying a $349 registration fee, or a $269 renewal fee, must also furnish evidence of a $50,000 surety bond. (Applicants who require a $50,000 California commercial requester account surety bond qualify with no credit check through our agency, for $500 annually.)
Qualifying and the Premium
Qualifying for the $50,000 California intestate carrier program bond includes completion of an application — which we can begin with you over the phone — and undergoing an application review.
The review by an underwriter includes a business or personal credit check. To be approved at the following rate, good credit is required.
Approval for applicants is at 1% of the surety bond amount, $500.
Once your ICP surety bond is approved and the premium is paid, our agency issues your ICP bond, along with a notarized document from us as Surety, and a Power of Attorney form.
Upon receipt in the mail, you’ll sign your bond as Principal, filing it with all other documents received from us to:
Registration Operations Division
Interstate Carrier Program
2415 First Avenue MS C383
Sacramento, CA 95818
Premium Prepayment Options
The premium for your Interstate carrier bond renews annually on the anniversary of its issuance.
For applicants who are approved at 1%, our agency also offers you the option to prepay your bond’s premium for up to 3 years.
Prepayment of the premium lengthens the time between renewals and offers you a savings over annual premium payments.
The premium prepayment option and savings are as follows:
- If prepaid for 2 years, the premium is $900, a $100 savings;
- If prepaid for 3 years, the premium is $1300, a $200 savings.
Purpose Of Your Surety Bond Requirement
Your ICP surety bond is a financial guarantee of your compliance with:
- Section 16385.1, Article 2, Chapter 1, Division 2 of the Vehicle Code;
- Section 8050 of Article 4;
- Section 8100 of Article 5;
- and as further outlined on the ICP surety bond form.
The bond, in short is a financial guarantee of your compliance with all laws and protects the state of California from any harm caused by your company or any employees as a result of transgressing related statutes.
AmeriPro Surety Bonds is a surety bonds-only agency which provides surety bonds in California and all 50 states.
Please call our agency today at:
Or, you may fill out the form below and a Surety Agent will contact you…