California Telephone Corporations who are CPCN License Holders are required by the provisions of CPUC Decision 13-05-035, issued June 3, 2013 to file a California Telephone Corporation Bond for a CPCN Holder as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The California Telephone Corporation Bond for a CPCN Holder holds you accountable for your business decisions.
By possessing a California Telephone Corporation Bond for a CPCN Holder, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.