California Nurses Registry Bond
Get the information you need about this surety bond below!
What is a California Nurses Registry Bond?
Before any nurses registry can engage in the business of obtaining and filling commitments for nursing service, the said nurse registry must first file this bond to the California Secretary of State.
Nurses registries which provides or plans to make referrals for nurses employment other than private duty nursing is obligated by Section 1812.525 of the California Civil Code to comply with this requirement as well.
The purpose of this bond is to ensure that the nurses registry will comply with the section of the California Civil Code that governs the profession. This bond will also ensure that the nurses registry will pay all sums due to any individual or group of individuals when the nurses registry or its representatives, agents, or employees has received those sums.
This bond will be for the benefit of any person who will suffer damages due to the noncompliance of the nurses registry, its representatives, agents, or employees to their legal obligations.
How much does a California Nurses Registry Bond cost?
The bond cost or bond premium will depend on the credit score of the bond applicant. Bond applicants with excellent credit scores will be eligible to pay as low as $100.
The bond amount is $3,000.
Got a low credit score? No problem! Those who have very low credit scores can still apply. We have a bonding program that helps those with low credit scores to obtain a bond.
Know more by giving us a call, or GET YOUR FREE SURETY BOND QUOTE HERE!
How can I get a California Nurses Registry Bond?
STEP 1: Apply for this bond
If you’re ready to apply now, you may do so HERE!
STEP 2: Underwriting
We’ll ask you a few important information about your financial history, business performance history, and your credit score. An underwriter will carefully evaluate all these.
STEP 3: Bond execution
Once the underwriter is done with the prequalification process, you’ll be asked to sign the indemnity agreement. After that, the bond will immediately be issued and sent to you!
How does a California Nurses Registry Bond work?
This bond is an enforceable agreement among three parties:
Principal – nurses registry
Obligee – the State of California
Surety – surety bond provider
Through this bond, the Surety is guaranteeing that the Principal will faithfully and honestly perform his or her legal obligations. The Surety will also extend its credit to the Principal in case the Principal fails to pay the sums due to an individual or group of individuals.
If such happens, those who will be harmed can file a claim against the bond for the purpose of recovering the amount that the Principal failed to pay. The claim will first be verified by the Surety before it is settled. Once the Surety has settled the claim, the Principal will reimburse the Surety for the payments made.
Fast approval! Fast service! APPLY HERE!