Get Unlimited B.a

This guide provides detailed instructions on completing the Unlimited Statement of Bonding Ability form, a critical document for licensing electrical contractors in North Carolina. Whether you are new to this process or seeking a refresher, this comprehensive guide will assist you in filling out the form accurately and efficiently.

Follow the steps to complete the Unlimited B.A online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by entering the exact name of the license applicant in the designated field. Ensure that the name matches the one under which the electrical contracting license will be issued in North Carolina.
3. Provide the details of the three largest jobs for which the bonding company has bonded the applicant. Enter the amounts only for each job in the specified sections marked (a), (b), and (c).
4. Indicate whether the bonding relationship is satisfactory at the current time by selecting 'Yes' or 'No.' If you select 'No,' provide an explanation in the space provided.
5. Specify what type of financial statement your company requires from the applicant by checking one of the following options: Independent Accountant's Certified Statement, Independent Accountant's Unaudited Statement, or Statement Prepared by Accountant.
6. Answer the eligibility question regarding the applicant's ability to furnish performance bonds over $110,000 by selecting 'Yes' or 'No.' Please remember that this statement strictly assesses bonding ability at the current date.
7. Confirm that the bonding company is duly licensed to do business in North Carolina and in good standing with the North Carolina Department of Insurance by selecting 'Yes' or 'No.'
8. Ensure that the statement is signed by an official from the bonding company or a duly licensed agent. Attach the power of attorney document allowing the signatory to act on behalf of the bonding company.
9. Complete the final fields with the name of the bonding company, the signature of the authorized official, and the address of the bonding company. Additionally, provide the name and address of the associated insurance agency if applicable.
10. Once all fields are completed, review the form for accuracy, then proceed to save your changes, and if necessary, download, print, or share the completed form.

Complete your Unlimited B.A online today to ensure a smooth application process for your electrical contracting license.