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California Bond of Qualifying Individual

Bond Requirements and Online Application

California Bond of Qualifying IndividualThe California Bond of Qualifying Individual Surety Bond is required by the State of California, Contractor’s State License Board.

In addition to a California Contractor’s License Surety Bond, a California Bond of Qualifying Individual may be required.   It may be additionally required for the issuance of an active license, the reactivation of a license, and the maintenance of an actively renewed license.  This bond is worth a required amount of $12,500.

A California Bond of Qualifying Individual is required if the license is qualified by a Responsible Managing Employee.  It is also required if the license is qualified by a Responsible Managing Officer who does not own at least 10% of the voting stock of the corporation.

If a license has more than one Responsible Managing Employee or Responsible Managing Officer qualifying the license, each qualifier must follow the qualifier bonding requirements.

Requirements for the California Bond of Qualifying Individual:

  • The bond must be written by a surety company licensed through the California Department of Insurance, like Surety1.
  • The bond must be in the amount of $12,500.
  • The business name, license number, and qualifier’s name on the bond must correspond exactly with the information on the Contractors State Licensing Board’s records.
  • The bond must have the signature of the attorney-in-fact for the surety company.
  • The bond must be written on a form approved by the Attorney General’s Office.
  • The bond must be received at the Contractors State Licensing Board’s Headquarters Office within 90 days of the effective date of the bond.

 

How to Get Your California Bond of Qualifying Individual

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your California Bond of Qualifying Individual!   If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days

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