Maryland Institution Of Postsecondary Education | Institution Of Postsecondary Education Surety Bond
Also known as: postsecondary educational institution bond
Type of Bond
A postsecondary education bond is a type of surety bond that may be required for institutions offering postsecondary education programs or degrees. It serves as a financial guarantee that the bonded institution will comply with the laws, regulations, and licensing requirements governing the operation of postsecondary educational institutions. The purpose of the bond is to protect students and ensure that institutions provide quality education, operate with integrity, and meet the necessary standards. It provides assurance that the bonded institution will fulfill their obligations, deliver the promised educational services, maintain proper accreditation, and handle student tuition and fees appropriately. By obtaining the bond, the institution agrees to abide by the requirements set forth by the regulatory authorities, such as state education boards or licensing bodies. This may include obtaining the necessary approvals, meeting academic standards, providing accurate program information, and maintaining financial stability. If the institution fails to meet their obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows students, regulatory bodies, or affected parties to seek financial compensation for any damages, losses, or non-compliance issues resulting from the institution's actions. The bond amount for a postsecondary education bond is typically determined based on the state's requirements and may vary depending on factors such as the size of the institution, the number of enrolled students, and the programs offered. Institutions should consult with the appropriate regulatory authorities or a surety bond provider to understand the specific bond amount and requirements applicable to their postsecondary education operations.
Program
The price you'll pay for your Institution Of Postsecondary Education Bond is generally based on your personal credit score. Start a free online quote by just completing a simple app or by calling 888-518-8011. Our experts will walk you through a very simple process. Compare our quote as the very lowest price, and then you're good to go! It's that simple!
We provide all types of Institution Of Postsecondary Education Bonds. Worldwide Insurance Specialists, Inc. has "in house" underwriting authority with the largest and best Surety (Insurance) companies in the world including, Great American, Liberty Mutual, Philadelphia, Travelers, and CNA Surety. All of these surety bond companies are A-rated under the AM Best credit rating system, and T-listed with the U.S. Department of Treasury. This guarantees that by getting bonded through us, you will be provided the backing of these highly trustworthy and reliable companies.
Application
The application process for a Institution Of Postsecondary Education Bonds is easy! Many Bonds are INSTANT ISSUE! Easy Application, no underwriting, no credit check, no GIA required. Our NEW Desktop underwriting program provides you with a rapid approval process used to determine the degree of risk that you (the Principle) complete a project or obligation. Non-INSTANT ISSUE quotes can also get instantly approved. Submissions require very little information from you. Once you file and sign an indemnity agreement, we issue the Bond. It's that simple! We quote and issue Surety Bonds of every type and will help you through the entire process. These applications only require basic information about your business, bond type, and ownership structure. Once the application is complete, we submit to the insurance company (Surety) who will then issue your bond. Don't pay too much! Get your Bond Fast, and Easy with the best price! Click here to start the Institution Of Postsecondary Education Bond Application process.
Obligee Information
An obligee is the entity that is requiring you to have the Institution Of Postsecondary Education bond.
Obligee: Maryland Higher Education Commission
Street: 839 Bestgate Road Ste 400
State: Maryland
Zip: 21401
If you or your business needs help in obtaining a surety bond or commercial insurance give us a call!