Driver Training School Bond
Driver school bonds are required in some states in order for a person to obtain a license to instruct a driver training school. These bonds protect students (or legal representatives of students) who may suffer loss as a result of fraudulent behavior on the part of the driver school instructor. Some states have one specific bond penalty (amount) required, and some states require different bond penalties based on the class of driving school. It is important to contact your state obligee (person or entity requiring the bond) in order to determine the bond penalty being required.
Driver school bonds typically have a 30-day cancellation provision, depending on the state’s preference.
Driver training school bonds bind the principal to agree to comply with all laws, acts, ordinances, and regulations relating to instructing a driver school.
Most of these bonds are continuous, but some states require that the bond term run in concurrence with the license term. If a continuation certificate is needed, one will be mailed to the principal. It then becomes the principal’s responsibility to make sure that the original certificate is delivered successfully to the corresponding state office.
Driver school bonds typically have a 30-day cancellation provision, depending on the state’s preference.
FAQ
What other things, besides a bond, do I need in order to g
The best way to find out all of your licensing requirements is to contact your obligee.
The best way to find out all of your licensing requirements is to contact your obligee.
What types of bonds do you write?
We write all bonds with the exception of bail bonds. If you do not see the type of bond you need on our...
We write all bonds with the exception of bail bonds. If you do not see the type of bond you need on our...
When my bond comes up for renewal, will you notify me?
Yes, we will send you an invoice at least sixty days prior to the expiration of your bond.
Yes, we will send you an invoice at least sixty days prior to the expiration of your bond.
Where do I find the obligee's address for the application?
You can either contact the obligee and ask them for their mailing address, or you can look on their website,...
You can either contact the obligee and ask them for their mailing address, or you can look on their website,...
Will you mail the bond to the obligee once it is issued?
No, the bond will be mailed to you (or your insurance agent, if applicable), as you will need to sign as...
No, the bond will be mailed to you (or your insurance agent, if applicable), as you will need to sign as...