California — Auctioneer Bond
Use the Auctioneer selection on California's shared security form and check the issued term before sending the bond to the Secretary of State.
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- Recorded state
- California
- Category
- Business operations & taxes
What this bond does
California's shared Auctioneer/Auction Company form provides separate role checkboxes and a $20,000 undertaking to the People of the State of California. Use the auctioneer principal and filing actually requested, not a company's selection simply because you work with that company.
- Who needs it
- An auctioneer preparing the California Secretary of State security filing. The form's common layout does not make the Auctioneer and Auction Company roles interchangeable or show that one principal includes every related person.
- Who it protects
- The instrument secures the stated California statutory obligations. It is not a property or income policy for the auctioneer, and its aggregate liability wording does not promise a fresh $20,000 for each claim or annual period.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
Have these ready
- Identify the auctioneer principal and any business name used in the filing.
- Use the proper Auctioneer role selection on the State form.
- Check actual issued dates against the minimum submitted-term instructions.
- Review surety/attorney execution and authority.
- Follow the Secretary of State's current submission directions.
Questions about this bond
Can I select Auction Company because I work for an auction business?
Do not use the alternative checkbox on that basis alone. Match the actual principal and requested filing role; the common form does not establish that a company's security includes each auctioneer.
Does the unlabeled catalog choice select the State's minimum term?
No duration is displayed for this choice. The State's reverse instructions call for at least twenty-four months in the submitted bond, so check the actual document before filing rather than assuming a term was selected.
Does purchasing the bond complete the California filing?
No. Review the issued instrument and attorney authority and submit according to the Secretary of State's directions. A provider confirmation is not acceptance of the filing or a license.