Form 13B 2 PDF Details

In the realm of construction and contracting within California, the 13B-2 form emerges as a crucial document, meticulously designed to ensure accountability and financial integrity among qualifying individuals and firms within this industry. This bond, mandatory for filing with the Registrar of Contractors, sets a robust foundation for safeguarding the interests of the State of California, the people it serves, and the integrity of the construction sector. It encapsulates a commitment by the qualifying individual, in partnership with a duly authorized surety company, to adhere to the stringent standards and regulations outlined in the Business and Professions Code Sections 7071.5-7071.11. The form delineates the terms under which these entities are held accountable, specifying a bond amount of $12,500, which is aimed at ensuring that the principals stand by their professional and legal obligations. The document outlines the conditions that render the bond null and void, essentially when the principal complies with all relevant regulations and codes of conduct. Conversely, should there be any deviation, this document holds them firmly bound to rectify such failings under the threat of financial liability. Furthermore, the bond is designed to be continuous, aligning its validity closely with the license period(s) of the said contractor, thereby offering an ongoing layer of protection and assurance. The specific clauses within highlight not only the potential for cancellation by the surety according to legal statutes but also explicitly mention the timeline and conditions under which claims against the bond can be made, thereby detailing a comprehensive framework intended to uphold professional integrity and protect against malfeasance.

QuestionAnswer
Form NameForm 13B 2
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other names13b 2 bond form, form 13b, contractors bond form 13b 1, contractors bond form 13b 2

Form Preview Example

THIS BOND SHALL BE FILED WITH THE REGISTRAR OF CONTRACTORS

SURETY CODE _______________________________________________

STATE OF CALIFORNIA

 

CONTRACTORS STATE LICENSE BOARD

BOND NO. ___________________________________________________

Bond of Qualifying Individual

LICENSE NO. ________________________________________________

OR

 

 

APP. FEE NO. ________________________________________________

(BUSINESS AND PROFESSIONS CODE SECTIONS 7071.5-7071.11)

 

The premium on this bond is $ ____________________________________for the term _______________________________________________.

KNOW ALL MEN BY THESE PRESENTS: That _______________________________________________________________________________,

NAME OF QUALIFYING INDIVIDUAL

whose address for service is_______________________________________________________________________________________________,

STREET ADDRESSCITYSTATEZIP CODE

as Principal, and ________________________________________________________________________________________________________,

NAME OF SURETY

a corporation organized under the laws of_____________________________________________________________________________________

and authorized to transact a general surety business in the State of California, as Surety, are held and firmly bound unto the State of California, for the payment of which well and truly to be made we bind ourselves, our heirs, administrators, successors and assigns, jointly and severally, firmly by these presents. This bond is filed pursuant to the provisions of Sections 7071.9-7071.11, Business and Professions Code, in respect to the principal as qualifying individual covering the person or firm as a licensee under Division 3, Chapter 9, Business and Professions Code.

BUSINESS NAME SHOWN ON APPLICATION OR LICENSE

STREET ADDRESS

CITY

STATE

ZIP CODE

WHEREAS, The above-bounden Principal is required by the provisions of Sections 7071.9 of the Business and Professions Code to file or have on file a bond as therein prescribed in the amount of Twelve Thousand Five Hundred Dollars ($12,500.00), and said Principal admits it is so required; and

NOW, THEREFORE, The conditions of the foregoing obligation are that if the Principal shall comply with and be subject to the provisions of Division 3, Chapter 9, (commencing with Section 7000) of the Business and Professions Code, then this obligation shall be null and void; otherwise to remain in full force and effect.

PROVIDED HOWEVER, This bond is issued subject to the following express conditions:

1.This bond may be cancelled by the Surety in accordance with the provisions of Sections 996.310 et seq. of the Code of Civil Procedure.

2.This bond shall be deemed continuous in form and shall remain in full force and effect and shall run concurrently with the license period for which license is granted and each and every succeeding license period or periods for which said Principal may be licensed, after which liability hereunder shall cease except as to any liability or indebtedness therefore incurred or accrued hereunder.

3.The limitation of the liability of the surety and the conditions of the bond are set forth in Sections 7071.9, 7071.10 and 7071.11, Business and Professions Code and any person claiming against said bond may bring an action in a proper court on this bond for the amount of the damage he may suffer as the result of such acts or omissions by the Principal except that such action must be brought within two (2) years after the expiration of the license period during which the act or omission occurred, or within two (2) years of the date of license of active lencensee was inactivated, canceled or revoked, whichever occurs first, except provided further that a claim for fringe benefits shall be brought within six (6) months after the date the fringe benefit delinquencies were discovered, and any civil action thereon shall be filled within two (2) years after the date the fringe benefit contributions were due.

4.This bond is executed by the Surety to comply with the provisions of Division 3, Chapter 9, (commencing with Section 7000) of the Business and Professions Code and of Chapter 2, Title 14, Part 2 (commencing with Section 995.010) of the Code of Civil Procedure and said bond shall be subject to all of the terms and provisions thereof.

5.This bond to become effective ___________________________________________________________________________________________.

DATE

NAME OF SURETY

ADDRESS FOR SERVICE

I certify (or declare) under the penalty of perjury under the laws of the State of California that I have executed the foregoing bond under an unrevoked power of attorney.

Executed in _______________________________________________ on _________________________, under the laws of the State of California.

CITY AND STATEDATE

Certificate of Authority # ______________________

Signature of Attorney-in-Fact _________________________________________________

 

Printed or Typed Name of Attorney-in-Fact ______________________________________

 

Address of Attorney-in-Fact __________________________________________________

 

Telephone Number of Attorney-in-Fact__________________________________________

13B-2 (12/06)

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