Specialty and general contractors applying for specific state contracting licenses are obligated to file with regulator a Florida financially responsible officer bond (FRO bond). The Florida Construction Industry Licensing Board defines a financially responsible officer as:
The Financially Responsible Officer is required to provide a $100,000 surety bond payable to the Florida Construction Industry Licensing Board for fines and costs pursuant to Rules 61G4-15.006 and 61G4-15.0021, Florida Administrative Code. The FRO bond must run o the Florida Construction Industry Licensing Board, as Obligee and written in the penal sum of one hundred thousand dollars ($100,000.00) for the payment of fines and costs pursuant to the statute and administrative regulations. The surety obligation guarantees that the licensee will faithfully and accurately keep books and records and make reports as required, and shall conduct business in conformity with the state laws and rules of the Florida Department of Business and Professional Regulation.
Florida surety bond broker, Surety One, Inc. is an experienced underwriter of license and contract surety bonds. We provide unmatched support of your surety bond needs, based on our knowledge of the construction sector and our personal relationship with contractors and sub-Cs. We offer immediate quoting and same-day delivery of surety bonds. Call us at (800) 373-2804, email Underwriting@SuretyOne.com or click here to chat with an underwriter real-time for more information about a Florida financially responsible officer a bond or any other surety need.
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