(a) Each licensee shall file or have on file with the Department a bond issued by a surety company authorized to do business in California if the licensee is handling or will handle money in the amount of $25 or more per patient or $500 or more for all patients in any month. The amount of the bond shall be according to the following schedule: (1)Amount Handled | Bond Required |
$750 or less.. | $1,000 |
$751 to $1,500.. | $2,000 |
$1,501 to $2,500. | $3,000 |
(2) Every further increments of $1,000 or fraction thereof shall require an additional $1,000 on the bond.(b) Each application for an original license or renewal of license shall be accompanied by an affidavit on a form provided by the Department. The affidavit shall state whether the licensee handles or will handle money of patients and the maximum amount of money to be handled for: (2) All patients in any month.(c) No licensee shall either handle money of a patient or handle amounts greater than those stated in the affidavit submitted by him without first notifying the Department and filing a new or revised bond if requested.Cal. Code Regs. Tit. 22, § 73241