(844) 589-9732

California Telephone Corporation Surety Bond

March 6, 2020

The $25,000 California telephone corporation surety bond is offered for $250 annually. Other amounts are as available at 1% as well. Please call AmeriPro Surety Bonds at 844-589-9732.

California Telephone Corporation Surety Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of California Communications Applicants

 

 

 

The California Public Utilities Commission is the state regulatory body authorized to license and regulate telephone corporations.

A condition of licensing is that a surety bond be furnished.

The standard minimum surety bond amount is $25,000; however, the bond amount is 10% of the intrastate (that is, within California) that your business reports on the Commissioner’s User Fee Statement for the prior calendar year, OR $25,000, whichever amount is GREATER.

 

 

 

Qualifying and the Premium

 

 

 

You are automatically approved for the $25,000 California telephone corporation surety bond; and you are automatically approved for any surety bond requirement amount up to $50,000. This is because there is no credit check nor underwriter review for these amounts.

A signed application will be required of you.

The premium for the $25,000 surety bond amount is $250 annually; and for other amounts 1% of the bond amount as well.

Amounts greater than $50,000 will also require a completed and signed application, along with the additional requirement of review by an underwriter. A credit inquiry is part of the underwriting process.

Approval for these larger amounts is determined by satisfactory credit. The premium, upon approval, is at the same rate of 1% of your surety bond amount.

Once your surety bond is approved and the premium received, our agency issues your bond to you immediately.

Included with your original surety bond will be a notarized document from us as Surety and a copy of your Power of Attorney form.

Upon receipt, you’ll sign your original surety bond as Principal and file all documents received to:

State of California

Public Utilities Commission(CPUC)

505 Van Ness Avenue

San Francisco, CA 94102-3298

415-703-2782

 

 

 

Purpose Of Your Surety Bond Requirement

 

 

 

Your telephone corporation surety bond is a financial guarantee of your compliance Cpuc Decision 13-05-035.

More specifically, the bond is a performance guarantee of your liability and pledge to pay any fees, penalties, fines, taxes, or restitution as may be required in connection with your business activities.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency.

We provide license and permit, court, probate, and other surety bonds in all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will call you...

Request a Callback

  • MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

BE IN TOUCH

CONTACT US