Surety info by AmeriPro Surety Bonds? The purpose of a probate bond is a financial guarantee which ensures that an administrator, a guardian of minors, or whomever is appointed as an heir to an estate will act objectively, lawfully, and in accordance with the law in the administration of the affairs of an estate. Please see Article 5 of the California Probate Code. The bond protects any heirs from losses which occur as a result of theft, fraud, embezzlement, or otherwise unlawful management by an estate’s Representative (of whatever category).
After payment of the premium, our agency issues the bond, along with a Power of Attorney (POA) form. We will notarize your bond as Surety, and upon receipt you’ll notarize and sign your bond as Principal. The bond is filed to the following address: Commonwealth of Virginia, Department of Professional and Occupational Regulation 9960 Maryland Drive, Suite 400 Richmond, VA 23233-1485 804-367-8511
To become a notary public in Florida, you must: Be at least 18 years old; A resident of Florida; Take a notary education course offered by the state, free of charge. You may also choose a company which offers notarial instructions; Complete the Florida notary application; Obtain the $7,500 surety bond. Errors and Omissions Insurance: Insurance which Protects YOU Whereas the notary bond does not protect the notary, but, rather, others from harmful acts committed by a notary, errors and omissions insurance (E&O insurance) is for the notary and protects the notary. E&O insurance, however, is not required to obtain the notary license in Florida.
At $250, your registration services bond is issued for one year. The bond renews annually on the anniversary of its issuance. Our agency also offers you the ability to prepay your surety bond for up to 3 years. Prepayment benefits you in two ways: The first is that it lengthens the time between renewals; and the second is that you save over year to year renewal of your surety bond premium. That having been stated, the premium payment options and savings are as follows. Find additional information at obtaining a surety bond.
Required by a municipality or other public body as a condition to granting a license or permit to engage in a specified activity, this bond guarantees that the party seeking the license or permit (the obligor) will comply with applicable laws or regulations. These bonds can also be structured to provide indemnity guarantees to third parties who sustain injury or damage as a result of the obligor’s activities as described in the license or permit when such a guarantee is required. For example, businesses that hang signs over public sidewalks may be required to provide indemnity guarantees for injuries to pedestrians.