What is a surety bond, and why does a California Nurses Registry need one?
A surety bond is a three-way agreement between a Principal (The Nurses Registry), an Obligee (California Board of Registered Nurses), and a surety company (the company backing the bond). A surety bond does not operate like an insurance policy for the Principal; instead, it protects the Obligee and the public of California from any fraud, dishonesty, misstatement, misrepresentation, deceit, unlawful acts, ommissions, and unlawful performance by the nurses’ registry. The bond is a guarantee that all employees, agents, representatives, and the Registry itself understand and agree to comply with California Civil Code 2.91, Division 3, Part 4. This bond is a requirement for all Nurses Registry (Nurses registry means a person who engages in the business of obtaining and filling commitments for nursing service) before they are able to do business in California.
This bond is written for the amount of $3,00/year, for either 2 or 3 years. The costs are as follows:
- 2 years – $175
- 3 years – $250
In the event that a claim is made against the bond, the surety company will settle any initial payments. The Principal is legally obligated to repay the surety for the full amount, including any associated fees or penalties. In addition to repayment, the surety company may revoke the bond, at which point the Nurses Registry will be unable to continue with business operations until a new bond is filed.
It is important that all employees, agents, or representatives of the Registry fully understand the portions of the California Civil Code in which they have agreed to comply, in order to avoid any legal violations or issues with the bond. A claim against a surety bond acts like a mark against the Principal’s “credit” in the bond market, and will affect any future bond applications.
3 years - $250
There is no credit check required for this bond.
1. Have you ever been convicted of a crime?
2. Has your business license ever been suspended, revoked, or denied?
3. Have you ever been party to a surety bond claim?
To apply for your California Nurses Registry Bond, complete and submit the application below. You may also download a .pdf application, and email it to email@example.com, or fax it to (949)361-9926. If you choose to email or fax your application, please download and complete a payment form and attach it to your documents. Additionally, an indemnity agreement is required.
Your bond will be issued within 1-3 days after you submit a completed application and payment.