California Telephonic Seller Surety Bond

The California Telephonic Seller Surety Bond is required by the California Department of Justice, Office of the Attorney General for any entity wishing to obtain a license in this business.

What is the purpose of the Surety Bond?

This bond is required to cover consumer losses and protect them from financial harm and deceit.  It ensures that telemarketers follow all rules and laws that apply to them, while also providing a safeguard against financial losses for the customer. Unlike insurance, the bond principal (the telephonic seller in this case) must repay the surety company for any losses incurred due to claims made by clients.

What is required to be a telephonic seller in California?

According to the California Business and Professions Code article 1.4, all telephonic sellers in California are required to register with the state at least 10 days prior to the first day of business. This includes California residents that are soliciting inside or outside of California, as well as non-residents that are soliciting inside California.

To register as a telephonic seller, the following must be filed with the state:

• A completed registration form
• A Consent to Service of Process form
• A $50 filing fee
• A California Telephonic Seller Surety Bond in the amount of $100,000 issued by a surety company licensed in California
  • Note: Surety1 represents over a dozen “A” rated surety markets that are licensed in California! Apply online for a free quote!

How much does the bond cost?

While the bond amount is set at $100k, the price to obtain the bond will only be a small percentage of this bond amount. The percentage rate starts around 1% ($1,000) and will vary based on the applicant’s credit and other underwriting considerations.

How to Obtain a  a California Surety bond?

At Surety1.com we make it easy to obtain this surety bond. Our simple, three step process is:

1. Complete the easy to navigate and secure online application. ¹
2. Review the free, no obligation quote from one of Surety1’s professional surety bond agents, usually within one business day.
3. Sign some paperwork and pay the bond premium

Once these steps have been completed, the Surety Bond will be shipped to the bond applicant.
^{1 -The name of the applicant on the surety bond application must match exactly the full legal business name of applicant for the license.} 

Surety1.com is a service of AssuredPartners one of the largest and fastest growing insurance agencies in the nation. Representing over a dozen surety bond companies, Surety1.com is the premier online provider of surety bonds nationwide since 2003.