Maryland Nursing School | Nursing School Surety Bond
Also known as: nursing school bond
Type of Bond
A Maryland nursing school bond is a type of surety bond that may be required for institutions offering nursing education programs in the state of Maryland. It serves as a financial guarantee that the bonded nursing school will comply with the laws, regulations, and licensing requirements governing nursing education. The purpose of the bond is to protect students and ensure that nursing schools operate with integrity, professionalism, and in compliance with established guidelines. It provides assurance that the bonded institution will fulfill its obligations, maintain high educational standards, and handle student tuition and fees responsibly. By obtaining the bond, the nursing school agrees to adhere to the requirements set forth by the Maryland Board of Nursing or other relevant regulatory bodies. This may include obtaining the necessary licenses and approvals, maintaining qualified faculty and staff, providing a comprehensive curriculum, and maintaining accurate student records. If the bonded nursing school fails to meet its obligations or violates the terms of the bond agreement, a claim can be filed against the bond. This allows students or regulatory bodies to seek financial compensation for any damages, losses, or non-compliance issues resulting from the institution's actions. The bond amount for a Maryland nursing school bond is typically determined based on the requirements set by the regulatory authority. It may vary depending on factors such as the number of enrolled students, the programs offered, and the specific bond requirements in Maryland. Nursing schools should consult with the Maryland Board of Nursing or a surety bond provider to understand the specific bond requirements applicable to their operations and to obtain the necessary bond coverage.
Program
The price you'll pay for your Nursing School 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 Nursing School 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 Nursing School 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 Nursing School Bond Application process.
Obligee Information
An obligee is the entity that is requiring you to have the Nursing School bond.
Obligee: The Maryland Higher Education Commission
Street: 839 Bestgate Rd 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!