Telephone corporation surety bond
The Public Utilities Commission of California requires telephone corporations to post $25,000 surety bonds. Because these bonds are subject to underwriting consideration, the price you’ll pay depends on a review of your personal credit report. Qualified applicants could pay as low as 1% of the bond amount, or just $250. Bad credit? No problem! Our experts work hard to get all applicants bonded quickly, easily and accurately.
Why this bond
California telephone corporation bonds guarantee that the principal (telephone corporation) will comply with all of the requirements of the California Public Utilities Code and CPUC Decisions applicable to telephone corporations. Ultimately, this bond protects consumers who are harmed as a result of the principal’s unethical and unlawful business practices. If a consumer is harmed, the surety will cover damages up to the full amount of the bond, and the principal will reimburse the surety for all damages paid out.
Telephone corporation bond details
Telephone corporation surety bonds in California are continuous in nature. The surety can cancel the bond by giving written notice of cancellation to the CPUC and the principal via certified mail at least 30 days prior to the effective cancellation date.
Become a telephone corporation
To apply for licensure as a telephone corporation in California, applicants must complete his/her licensing application and submit it to the California Commission’s Docket Office. Each submitted application must be accompanied by the appropriate application fee and surety bond.
This application also requires that applicants attach a sample tariff that describes all the services and sample rights he/she intends to offer. More licensing information can be accessed from the Additional information section of this page.
Apply for your surety bond
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