A Contractor's Bond is a requirement for the issuance of an active license, reactivation of a license, and for the maintanance of an actively renewed license (Business and Professions Code Section 7071.6).he bond must be written by a surety company licensed through the California Department of Insurance. The bond must be in the amount of $12,500. The business name and license number on the bond must correspond exactly with the business name and license number on the CSLB's records.