Citrus fruit dealer bond
The Florida Department of Agriculture and Consumer Services requires citrus fruit dealers to post surety bonds in varying amounts. The required bond amount for a citrus fruit dealer is based on the amount of boxes sold. The required amount of a bond to guarantee payment of citrus inspection fees is based on the number of boxes of fruit inspected. Applicants should verify their required bond amount with the department prior to bonding.
Because the required amount and, therefore, the price of this bond can vary so much, our experts recommend submitting a bond request to receive your free, personalized surety bond quote.
Citrus Fruit Dealer Bond
Florida citrus fruit dealer bonds ensure that principals (fruit dealers) comply with the provisions of Chapter 601 of the Florida Statutes when purchasing, handling and selling citrus fruit, as well as when accounting for sales of citrus fruit. Principals must fulfill all contracts entered into while on the job and fully account for any payments of deposits made.
If the principal fails to conduct business ethically and lawfully, the bond protects any citrus fruit dealer who suffers financial loss as a result of the principals’ violations. The bond protects harmed parties up to the full bond amount, and the principal must reimburse the surety for any damages paid out.
Citrus fruit dealer bonds in Florida expire on May 1 of the year immediately following the end of the shipping season for which the bond is given. The surety can cancel the bond by giving written notice of cancellation via certified mail to the Commissioner of Agriculture at least 30 days prior to the effective termination date.
A complete schedule of required bond amounts is located on page 2 of the surety bond form.
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