License & Permit Bond
Licence and permit bonds are required by Government agencies to guarantee obedience with regulations & bylaws connecting to a specific license or permit. These bonds assure that an individual or business fulfill all government rules and regulations.
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Auto Dealer Surety Bonds protects buyers against fake or unprincipled dealings by a dealer. The surety bond assures that dealer is monetarily safe. In cases when a buyer is cheated by a dealer, the surety bond will compensate that customer.
The Airlines Reporting Bond or ARC Surety Bond guarantees that dues collected by travel agency for airline tickets sold will be paid to the appropriate airline in an opportune manner. Every state requires airline reporting companies to post a surety bond.
Auctioneers Surety Bonds are surety bonds required by State/central Government to look after the consumer from any delinquency. All states have their own particular surety bond form. The surety bond amount for the auctioneer varies from state to state.
Appraisal management company (AMC) bonds ensures the AMCs function according to law. AMCs are companies that act as an external third party to manage a network of appraisers homogeneously.
Construction professionals in most states must purchase these bonds before they can be legally licensed to work.
Collection agency owners must purchase a surety bond before they can be legally licensed to work in certain states.
The Federal Maritime Commission requires ocean transportation intermediaries to provide a bond a proof of financial security.
Businesses that sell fishing licenses must purchase a surety bond before being permitted to do so.
All freight brokers must post a $75,000 bond to guarantee they operate in line with the agreements made to their motor carriers and shippers.
Suppliers of durable medical equipment, prosthetics, orthotics and supplies must purchase a surety bond before they can be approved to bill Medicare.
Individuals who use competitive rates to encourage clients to switch energy providers must provide a surety bond before they can be licensed.
Health clubs purchase a surety bond to guarantee membership fee reimbursement in case they unexpectedly close.
Businesses that sell hunting licenses must purchase a surety bond before being permitted to do so.
To protect against predatory sales practices, government agencies require that insurance brokers purchase a surety bond.
Medical marijuana dispensaries in some states have to file a surety bond with whatever government agency regulates them.
Health care providers that bill Medicaid have to file bonds to ensure they’ll keep accurate records and handle funds appropriately.
Outdoor advertising companies that plan to install signs must purchase a surety bond before they can be legally licensed in some states.
Nursing homes and other types of assisted living facilities must purchase surety bonds to guarantee that they’ll handle patients’ funds appropriately.
Professional sports promoters who want to promote a specific MMA fighter or event must file a surety bond before they can be licensed in some states.
Travel agents purchase surety bonds to guarantee they’ll handle client funds appropriately, such as forwarding client payments to the appropriate resort.
Payday loan companies must purchase a surety bond as a way to guarantee they’ll use fair lending practices when issuing loans.
PEOs in some states must purchase a surety bond as a way to reduce fraud and other instances of malpractice within the industry.
Some states require funeral homes to purchase surety bonds to guarantee they’ll handle client funds appropriately.
Used Car Dealer
In additional to regular auto dealer bonds, some states require a specific surety bond type for used vehicle dealers.
Before individuals can become a notary public, they must purchase a surety bond.
Government agencies require title agencies to purchased a surety bond as a way to reinforce industry regulations.
Surplus lines brokers must purchase a surety bond before they can be licensed to work in some states.
Money transmitters must purchase a surety bond before they can be licensed.
Government agencies require telemarketing companies to purchase a surety bond to guarantee they won’t harass consumers or break other industry laws.
Some private schools have to purchase surety bonds to provide students and their families with financial recourse if the school closes or gets shut down.
A wide array of mortgage professionals – such as brokers, lenders, servicers and originators – must purchase a surety bond before they can be licensed to work in certain states.