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Lic402. Surety Bond
Lic402. Surety Bond
SURETY BOND
(Original sent to Regional Office)
Applicant/Licensee Name: ____________________________________________________________________________________ Address: __________________________________________________________________________________________________ Bonding Company: __________________________________________________________________________________________ Telephone #: Address: __________________________________________________________________________________________________ Telephone #: Local Agent Name: __________________________________________________________________________________________ The addresses shown above for licensee and bonding company will be used for service of notices, papers, and other documents. BE IT KNOWN THAT: Licensee, as Principal, and Bonding Company, as Surety, are held and firmly bound to the State of California, as beneficiary, in the amount of $______________________(______________________________________________________) for the payment of which the principal and surety bind themselves, their respective heirs, successors and assigns, jointly and severally. WHEREAS Health and Safety Code sections 1560, 1568.021, and 1569.60 each require certain applicants for licenses to file with the State Department of Social Services a surety bond; and WHEREAS the licensee has applied to operate an (check all that apply):
Adult Residential, Adult Day Programs or Social Rehabilitation Facility, and the licensee handles client/resident funds in any amount; or Foster Family Home, Foster Family Agency, Group Home, Small Family Home, Residential Care Facility for Persons with Chronic, Life-Threatening Illness, or Residential Care Facility for the Elderly, and the licensee handles funds of $50 or more per client/resident or $500 or more for all clients/ residents in any month;
NOW, THEREFORE, the surety is liable on this bond in the event that the principal fails to handle faithfully and honestly the money of facility clients/residents. The facility covered by this bond is: Facility Name: ________________________________________________________________________________________ Facility Address: ______________________________________________________________________________________ Facility License Number (if facility is currently licensed): ________________________________________________________ (If other facilities are covered by this bond, specify on a separate, attached page the name, address, facility license number, and bond amount for each facility.) Every person injured as a result of any unfaithful or dishonest handling of client money may bring an action in a proper court on the bond for the amount of damage suffered thereby to the extent covered by the bond. The aggregate liability of the Surety for all claims against this bond shall not exceed the amount of the bond, shown above. This bond may be canceled by the Surety in accordance with Code of Civil Procedure section 996.030, and notice of cancellation must be sent in accordance with Code of Civil Procedure section 996.320. This bond is effective ________________________________, and remains in effect as long as the license is valid. I certify under penalty of perjury under the laws of the State of California that the information provided on this page and on any attachments is true and correct.
BONDING COMPANY SIGNATURE: BOND NUMBER: DATE: