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