What the California Third Party Logistics Provider Bond ($90,000) is for
The agency that collects the tax or issues the permit usually asks for this bond. It guarantees the taxes or fees you collect or owe are paid on time.
The bond amount is set by the agency, utility or fund that asks for it. If the bond holder doesn't meet their obligations, a valid claim is paid up to that amount, and the bond holder repays the surety.
What the price depends on
The starting rate. An underwriter reviews your application and you see the final price before you pay.