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Click ‘Get Form’ to open the cilb8 application in the editor.
Begin by selecting the appropriate application type in Section I: Remove, Add, or Change Financially Responsible Officer.
Complete Section II if removing an officer, providing their name and the business details.
In Section III, fill out your personal information as the new Financially Responsible Officer, including your full legal name and Social Security number.
Provide your mailing address and contact information accurately to ensure prompt communication regarding your application.
Answer all background questions in Section IV honestly. If applicable, provide detailed explanations in Sections V and VI for any affirmative responses.
Complete Section VII by filling out the bond form with necessary signatures from both you and an authorized company officer.
Finally, sign the affirmation in Section VIII to certify that all information is accurate before submitting your application.
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Blacks Law Dictionary defines official bond as a bond given by a public officer, conditioned on the faithful performance of the duties of office.2 In the three-party surety structure, the public official is the principal, the bonding company is the surety (sometimes called the secondary obligor), and the
What is a financially responsible officer?
Financially responsible officers are the individuals who carry the sole responsibility for all financial matters within a business organization. In the event that the company suffers financially as a result of the appointed officers actions, the company can sue them.
What is a construction financial officer license in Florida?
A Financially Responsible Officer bond, also known as an FRO bond, is a type of surety bond that guarantees that a designated officer within a company will manage the companys finances in accordance with applicable laws and ethical standards.
What is a financially responsible officer bond?
Any certified building contractor or certified residential contractor may perform clearing and grubbing, grading, excavation, and other site work for any construction project in this state, limited to the lot on which any specific building is located.
How much does a $30,000 surety bond cost?
Surety Bond Cost Table Surety Bond AmountYearly Premium Excellent Credit (675 and above)Average Credit (600-675) $30,000 $300 - $900 $900 - $1,500 $35,000 $350 - $1,050 $1,050 - $1,750 $40,000 $400 - $1,200 $1,200 - $2,0007 more rows
A financially responsible officer bond is a legal contract that acts as a financial guarantee that you will: Manage all company finances. Collect and pay vendors appropriately. Follow all financial legal and financial regulations for reporting.
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Mar 11, 2025 The CILB has created eight types of pool/spa specialty contractor certifications. Pool/spa specialty contractors, except residential
Fla. Admin. Code Ann. R. 61-35.010 - Construction Industry
(a) To add, change or remove a financially responsible officer: Form DBPR CILB 8 Application for Financially Responsible Officer, effective July 2024, is
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