Organización y LicenciasPregunta 1434 de 1605
Claims against the $25,000 contractor's license bond are generally handled how when total claims exceed the bond amount?
a.Largest claim first
b.Newest claim first
c.The contractor chooses
d.Certain priority claimants (like residential property owners) may have priority, with claims otherwise sharing the limited bond proceeds
Explicación
Under B&P Code section 7071.11, the bond's proceeds are limited to $25,000 total. The statute establishes priorities (for example, residential homeowners) and provides for proration among claimants when total claims exceed the bond amount.
Referencia Legal: B&P Code §7071.11Practica las 1605 preguntas gratis — sin registro.
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)