1 (844) 589-9732

California Underwritten Title Company Bond

The California underwritten title company bond is offered by AmeriPro Surety Bonds. The $50,000 amount is issued within minutes of calling for $250 annually; the $100,000 amount after approval of credit for $500. Please call us today at 844-589-9732.

California Underwritten Title Company Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Licensing of California Underwritten Title Companies

 

 

 

California underwritten title companies are businesses are licensed and regulated by the California Department of Insurance.

They are defined under Section 12389 of California Insurance Code as businesses which prepare title searches, title reports and exams, certificates and abstract of titles, among other items.

If as part of your business activities, you will be requesting “escrow authority”, you’ll need to furnish evidence of a $50,000 or $100,000 surety bond. The amount will be determined by the County of licensing; however, our agency will not be able to provide that amount to you. You’ll need to tell us the amount you need.

 

 

 

Qualifying and the Premium

 

 

 

Applicants and businesses requiring the $50,000 California underwritten title company bond are approved immediately. This is because there is no credit check nor underwriter review.

The application can be taken from you over the phone. The premium for the $50,000 surety bond requirement is $250 annually.

Applicants who require a $100,000 surety bond amount will complete and sign a short surety bond application. It will then be submitted for review by an underwriter. This review includes a credit inquiry. Good credit is required; and the premium is $500 annually.

Upon approval of your underwritten title company surety bond and payment of the premium, our agency issues your bond to you immediately.

It will be the original documents that you’ll file with the Department of Insurance. These will include:

Your surety bond; a jurat document which is notarized by our agency as Surety; and a Power of Attorney form.

After signing your original bond as Principal, you’ll file all documents to:

Department of Insurance

Corporate Affaird Bureaus I & II

45 Fremont Street, 24th Floor

San Francisco, CA 94105

415-538-4000

 

 

 

Premium Prepayment Options

 

 

 

The premium associated with your California underwritten title company bond renews annually on the anniversary of its issuance.

You may prepay the $50,000 or $100,000 surety bond amounts up to 3 years, thereby offering you a savings over annual renewals.

The premium prepayment option and savings are as follows:

$50,000 Surety Bond Requirement

  • If prepaid for 2 years, the premium is $450, a $50 savings;
  • If prepaid for 3 years, the premium is $650, a $100 savings.

$100,000 Surety Bond Requirement

  • 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

 

 

 

The bond is a financial guarantee for the benefit of your customers. It protects these customers from any injuries sustained as a consequence of failure to follow any related-laws and statutes as required.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, and probate surety bonds in all 50 states and the District of Columbia.

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

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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Office: 1 (844) 589-9732

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Monday – Friday 6 am to 5 pm (PST)