Bond Amount
$4,000
Requiring Entity
State of California, Department of Consumer Affairs
Underwriting Criteria
Instant Issue upon receipt of signed application (No Credit Check Required)
Premium Rate(s)
1 Year - $100
2 Years - $175
3 Years - $250
Who is Required to Secure this Bond
The Structural Pest Control Act requires that any company wishing to do business as a Pest Control Company must first file a bond in the amount of $4,000 with the Structural Pest Control Board. The bond must be executed by an admitted surety insurer. In addition, the bond must be maintained at all times in order to keep the license active and prevent the revocation of the company license.
Bond Requirement Specifics
The bond is required by the State of California to protect any person who receives services or enters into a contract with a registered company and is damaged by an act of fraud or dishonesty by the registered company (California Business and Professions Code Section 8697.2). Any person damaged an act of fraud or dishonesty is entitled to reimbursement by the
Who is protected Under this Bond
The bond is payable to the people of the State of California and protects any person who is damaged by any act of fraud or dishonesty perpetrated by the registered Pest Control Company (California Business and Professions Code Section 8697.2).
Underwriting Process
Pest Control bonds are INSTANTLY ISSUED so long as the applicant does not have a prior bankruptcy or felony conviction. Each applicant must complete and submit the application for a Pest Control Bond, which contains all of the pertinent information regarding the business and business owners.
What you Need to do Once you have your Bond
Once the Pest Control Bond has been issued and released to the applicant, it must be filed with the Structural Pest Control Board. The bond must be signed by all Qualifying Managers for the company. The bond must remain in full force for the term of the company’s license. Should the bond be cancelled for any reason, the Structural Pest Control Board may suspend or revoke the license of the registered company until a replacement bond is received.
Obligee Link
http://www.pestboard.ca.gov/howdoi/pr.shtml http://www.pestboard.ca.gov/index.shtml
* Please be advised that the quote you obtain for this bond may include a fee charged and retained by The Bond Exchange.