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Bond selected
Minnesota Private School
Amount
$20,000.00
Obligee
Minnesota Office Of Higher Education
Minimum premium
$200.00
Description
A Minnesota Private School Bond is a type of surety bond required by the Minnesota Department of Education for private schools in order to be licensed. The bond is for the benefit of students in the event of the school’s failure to comply with rules and regulations of the department and provides reimbursement to the student for any tuition fees paid in advance. The bond is purchased by the private school and issued by an insurance company for the benefit of the students.