Bond Amount
$10,000
Requiring Entity
State of California Cemetery and Funeral Bureau
Underwriting Criteria
Personal credit check of all business owners
Premium Rate(s)
1 Year - $200.00*
Who is Required to Secure this Bond
A California Cemetery Broker Bond in the amount of $10,000 is mandatorily required by the State of California Cemetery and Funeral Bureau for all persons who (1) sells or offers for sale, (2) buys or offers to buy, (3) lists, (4)leases or offers to lease, or (5) solicits or negotiates the purchase, sale, lease or exchange of cemetery property interments services.
Bond Requirement Specifics
The mandatory requirement of a $10,000 California Cemetery Broker Bond is set forth in the Cemetery Board of the Department of Consumer Affairs under Chapter 19 of Division 3 of the Business and Professions Code of the State of California. It guarantees that the Cemetery Broker shall honestly and faithfully perform any and all undertakings entered into by him or her as a licensed cemetery broker at any time during which he or she is licensesd as such a broker and shall honestly and faithfully apply all sums received by them and shall pay all damages suffered by any person damaged or defrauded by reason of the violation by the principal or his/her salesmen or employees.
Who is protected Under this Bond
Any person or persons to whom the Cemetery Broker rendered services. The Cemetery broker shall account to any person affected, in respect to business done, or transactions occurring under or by virtue of authority granted by any and all cemetery broker.
Underwriting Process
The California Cemetery Broker Bond is underwritten based on a personal credit check of the business owner(s). In the event the personal credit does not meet the minimum threshold for a standard approval, the premium rate may be elevated and/or the requirement of collateral or a co-signer may be set forth in the approval conditions of the bond.
What you Need to do Once you have your Bond
As the original Cemetery Broker bond must be filed with the State of California, Cemetery and Funeral Bureau, the original bond will be mailed to the Cemetery Broker within 24 hours of submitting their application online so long as the bond is approved and the first year term premium is paid. The Cemetery Broker will need to forward the original bond to the State of California, Cemetery and Funeral Bureau for filing. The bond will be placed in regular mail unless the applicant opts to pay the fee associated with overnight delivery during the application process.
Obligee Link
www.cfb.ca.gov
* Please be advised that the quote you obtain for this bond may include a fee charged and retained by The Bond Exchange.