CSLB GENERAL B PRACTICE QUESTIONS
STUDY GUIDE SOLVED PROBLEMS FULL
SOLUTION ALREADY PASSED
GUARANTEED TO PASS
⩥ Bid Bond.
Answer: This acts as an assurance that the contractor will be
able to complete the job as described in the contract.
⩥ Performance Bond or Contract Bond.
Answer: This guarantees a contractor will complete the project
according to the agreed upon terms & conditions.
⩥ Payment Bond.
Answer: This guarantees that subcontractors and suppliers will
be paid by the contractor for properly performed work.
⩥ $35,000.
Answer: Payment Bonds are required for federal government
contracts over $__________.
,⩥ Fidelity Bond.
Answer: This covers the business owner in case of employee
dishonesty or theft.
⩥ $15,000.
Answer: Contractors must file a contractors bond OR submit a
cash deposit with the CSLB for $_______.
⩥ $15,000.
Answer: The value of a contractors bond must be $________
⩥ 90.
Answer: The contractors bond must be filed with the CLSB
within ___ days from the bond effective date.
⩥ True.
Answer: True or False: A contractor must identify their type of
insurance when referring to themselves as "bonded" or "insured"
in advertisements or publications.
⩥ $12,500 (They can be exempt if the RMO can certify
ownership of 10% or more of the voting stock in the company.).
,Answer: A business must submit a separate $________ bond for
RMEs or RMOs.
⩥ $100,000.
Answer: A Limited Liability Surety Bond for $__________ is
required in addition to the contractors bond for an LLC license.
⩥ Disciplinary Bond.
Answer: This must be filed with the Registrar after a license has
been revoked or denied.
⩥ False. It's an additional requirement and may not be filed in
place of another bond..
Answer: True or False: A Disciplinary Bond can be combined
with any other bond.
⩥ $15,000 up to 10x the amount of the contractor's bond.
Answer: The Disciplinary bond amount ranges from _______ to
_______, depending on the violation.
⩥ 2 years.
, Answer: The Disciplinary Bond must be valid & on file with the
Registrar for how long?
⩥ Within 90 days.
Answer: How soon should the Disciplinary bond be filed with
the CSLB?
⩥ C) Stocks or fluctuating investments.
Answer: All of these are approved alternatives to surety bonds
except:
A) Certificate of deposit
B) Cash
C) Stocks/fluctuating investments
D) Savings & loan investments
E) U.S. government bearer bond
⩥ D) All of the above.
Answer: A license may be suspended if:
A) One or more of the required bonds are canceled by their
surety company
STUDY GUIDE SOLVED PROBLEMS FULL
SOLUTION ALREADY PASSED
GUARANTEED TO PASS
⩥ Bid Bond.
Answer: This acts as an assurance that the contractor will be
able to complete the job as described in the contract.
⩥ Performance Bond or Contract Bond.
Answer: This guarantees a contractor will complete the project
according to the agreed upon terms & conditions.
⩥ Payment Bond.
Answer: This guarantees that subcontractors and suppliers will
be paid by the contractor for properly performed work.
⩥ $35,000.
Answer: Payment Bonds are required for federal government
contracts over $__________.
,⩥ Fidelity Bond.
Answer: This covers the business owner in case of employee
dishonesty or theft.
⩥ $15,000.
Answer: Contractors must file a contractors bond OR submit a
cash deposit with the CSLB for $_______.
⩥ $15,000.
Answer: The value of a contractors bond must be $________
⩥ 90.
Answer: The contractors bond must be filed with the CLSB
within ___ days from the bond effective date.
⩥ True.
Answer: True or False: A contractor must identify their type of
insurance when referring to themselves as "bonded" or "insured"
in advertisements or publications.
⩥ $12,500 (They can be exempt if the RMO can certify
ownership of 10% or more of the voting stock in the company.).
,Answer: A business must submit a separate $________ bond for
RMEs or RMOs.
⩥ $100,000.
Answer: A Limited Liability Surety Bond for $__________ is
required in addition to the contractors bond for an LLC license.
⩥ Disciplinary Bond.
Answer: This must be filed with the Registrar after a license has
been revoked or denied.
⩥ False. It's an additional requirement and may not be filed in
place of another bond..
Answer: True or False: A Disciplinary Bond can be combined
with any other bond.
⩥ $15,000 up to 10x the amount of the contractor's bond.
Answer: The Disciplinary bond amount ranges from _______ to
_______, depending on the violation.
⩥ 2 years.
, Answer: The Disciplinary Bond must be valid & on file with the
Registrar for how long?
⩥ Within 90 days.
Answer: How soon should the Disciplinary bond be filed with
the CSLB?
⩥ C) Stocks or fluctuating investments.
Answer: All of these are approved alternatives to surety bonds
except:
A) Certificate of deposit
B) Cash
C) Stocks/fluctuating investments
D) Savings & loan investments
E) U.S. government bearer bond
⩥ D) All of the above.
Answer: A license may be suspended if:
A) One or more of the required bonds are canceled by their
surety company
