Arizona Cosmetology School Bond's are required by Arizona's Board of Cosmetology to obtain your Arizona Cosmetology School Bond. The Arizona Cosmetology School Bond amount is set at $10,000.
a $10,000 surety bond
There are 3 parts to a Cosmetology School surety bond. The Principal "YOU", The Surety Company, and the Obligee. The Principal is the business or individual applying for the Cosmetology School Surety Bond. The Obligee is the individual or entity requiring the Surety Bond and the Surety Company is the company who provides the Surety Bond coverage.
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That the above principal as Licensee shall afford to its students the full
course of instruction as required by A.R.S. 32-501 thru 32-554 and the Arizona
Cosmetology Rules and Regulations in default of which full amount of tuition paid
by student shall be refunded.
The condition of the above obligation is such, that if the above Principal
shall, from and after the date of this bond, well, and truly and faithfully comply
with all of the conditions of the laws of the State of Arizona relating to
Cosmetology then this obligation to be null and void; otherwise to remain in full
force and effect.
The Surety named herein may cancel this bond and be relieved of any
further liability hereunder by giving thirty (30) days notice in writing of its desire
to do so to the obligee hereunder.