California Seller of Travel Bond
AmeriPro Surety Bonds | 844-589-9732
Licensing of California Seller of Travel Companies;
Surety Bond Amount and Purpose
Seller of travel businesses in California are regulated by the state’s Office of the Attorney General.
As a condition of licensing, a surety bond must be furnished as required by statute. According to Statute §17550.11, titled “Adequate bond”, the amount of your surety bond can be no less than the amount required to be held in your trust account.
The surety bond serves as a financial guarantee for your passengers who sustain a monetary loss due to the failure of a seller of travel company to honor its commitments to those passengers.
Qualifying and the Premium
The California seller of travel bond is offered by our agency for 1% or $100 of the amount required, whichever amount is greater.
Additionally, up to and inclusive of a $50,000 surety bond requirement, our agency offers this bond to with no underwriter review nor a credit check inquiry. This means that the bond can be issued within minutes from calling our agency.
Amounts greater than $50,000 require a short, signed surety bond application, and an underwriter review. A credit check inquiry is standard.
Good credit is required for approval at these higher amounts; however, the premium is at the same rate of 1%.
Whatever amount required, once your bond is approved and the premium paid, our agency issues your bond to you immediately.
Included in the original documents to be mailed to you besides your surety bond will be a Power of Attorney form, and a notarized jurat by our agency as Surety.
You’ll sign your bond as Principal, keep a copy for yourself, and file all original documents to:
Seller of Travel Program
Office of the Attorney General
Department of Justice
300 S. Spring Street, Suite 1702
Los Angeles, CA 90013-1230
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in all 50 states, and Washington D.C.
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Or, you may fill out the form below and a Surety Agent will contact you…