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Surety Bonds - Simkiss & Block Things To Know Before You Buy


<h1 style="clear:both" id="content-section-0">A Biased View of INSURANCE CODE CHAPTER 3503SURETY BONDS AND<br></h1>
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<p class="p__0">Employers with more than five staff members need to submit a Surety Bond of five thousand ($5,000) dollars. Employment Service Bond ($50,000/$100,000) All candidates for a Basic Company License for a Work Services Business (Work Company) should post a $50,000 Work Company Surety Bond or a $100,000 Employment Service Surety Bond throughout of the two-year license duration.</p>
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<p class="p__1">If the typical charge for a task candidate is less than $2,000 and the Work Agency company participates in contracts with less than 100 job applicants annually, a bond in the amount of fifty thousand ($50,000) dollars shall be submitted. Employment Therapy Service Bond ($50,000/$100,000) All applicants for a Basic Organization License for a Work Provider Business (Employment Counseling Service) must publish a Work Therapy Service Surety Bond for the period of the two-year license duration.</p>
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<p class="p__2">If the average charge for a task applicant is less than $2,000 and the Work Counseling company enters into agreements with less than 100 job hunters annually, a bond in the quantity of fifty thousand ($50,000) dollars shall be submitted. Health Health Spa Sales Bond ($25,000/$50,000) All candidates for a Basic Service License for a Controlled Service (Spa Sales) should publish a Spa Surety Bond in the quantity of twenty-five thousand ($25,000) dollars throughout of the two-year license duration for annual membership sales of as much as one hundred thousand dollars ($100,000).</p>
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<p class="p__3">The Surety Bond might be issued by an authorized insurance coverage provider, or the candidate may post a money bond with the Department of Customer and Regulatory Affairs. Home Enhancement Surety Bond ($25,000) All applicants for a Basic Business License for a Controlled Company (Home Enhancement Specialist) need to post a House Enhancement Surety Bond in the quantity of twenty-five thousand ($25,000) dollars throughout of the two-year license period.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.liconstructionlaw.com/wp-content/uploads/2020/10/bond.png" alt="Surety Bonds and Guarantees - Allianz Trade"><span style="display:none" itemprop="caption">Moore Surety Bonds Agency -</span>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://southernbailbonds.com/wp-content/uploads/2018/02/Important-Considerations-when-hiring-a-bail-agent-1.png" alt="Understanding the Role of Surety Bond Companies"><span style="display:none" itemprop="caption">What is a Surety Bond? Surety Bonds Explained.</span>
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<h1 style="clear:both" id="content-section-1">Not known Factual Statements About Who is the Surety Bond Obligee?<br></h1>
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<p class="p__4">Automobile Dealer Bond ($25,000) All applicants for a Basic Company License for a Regulated Organization (Automobile Dealer) need to post a in the quantity of twenty-five thousand ($25,000) dollars throughout of the two-year license duration. Contractorinsurance.info might be provided by an authorized insurance coverage carrier, or the candidate may post a money bond with the Department of Customer and Regulatory Affairs.</p>
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