The California Yacht and Ship Broker Surety Bond is required by the California State Parks, Division of Boating and Waterways.
The California Yacht and Ship Broker Surety Bond is required to be in the amount of $15,000 and it must be written by a surety company that is registered to do business in the State of California, like Surety1. This bond is completed during the application process for Yacht and Ship Broker License.
In order to obtain a Yacht and Ship Broker License in the State of California, licensees must first obtain a surety bond. Licensees cannot complete the broker license application process without having filed this bond. The California Yacht and Ship Broker Surety Bond does not take the place of the license, nor does it act as insurance for your company. This bond is written for and in favor of the State of California and the public and it protects them from any financial harm, loss or deceit that your company may cause.