This bond is available in 2 year term.

Florida yacht broker surety bond. The Florida Department of Business and Professional Regulation requires yacht and ship brokers to get a 25000 surety bond or irrevocable letter of credit. Florida California Maryland Virginia and Washington. What is the purpose of a Florida Yacht and Ship Broker or Salesperson Surety Bond.

The required bond amount is 2500000. Offers this class of bond in both Florida and California where they are required by law. Maryland yacht brokers have to get a 20000 bond for the first year of their licensing.

In California yacht and ship brokers have to get a 15000 surety bond and present it to the state Resources Agencys Department of Boating and Waterways. Surety bond amounts vary by state as does the name of the surety bond. A 2500000 Yacht Ship.

The requirement for licensees to be bonded is mandated by Chapter 326004 of the Florida Statutes. Florida surety bond leader Surety One Inc offers this class of bond in both Florida and California where they are required by law. The Yacht Broker Bond guarantees that the principal is accountable for funds received in transactions in connection with yachtship sales.

Florida Yacht Brokers Bonds are required by the Florida Department of Business Professional Regulation. What Does a Yacht Broker Bond Protect Against. Which States Require a Yacht Broker Bond.

Purpose of this Surety Bond The purpose of both the 10000 surety bond for salespersons and the 25000 surety bond for brokers is the same. California has a 15000 Yacht and Ship Broker bond. States that currently require this bond are.