The California Department of Motor Vehicles (DMV) requires driving school owners and ATV safety training organizations to post a $10,000 surety bond as a condition of their licensing. This surety bond protects the public from fraud or fraudulent representation that could cause a monetary loss to the person taking the driving instruction, and ensures that the principal (person or entity buying the bond) complies with all regulations in Division 5, Chapter 1 of the California Vehicle Code. If a harmed party files a valid claim against the bond, the surety will pay out up to the penal sum of the bond to resolve the claim. The principal is then required to reimburse the surety for all monies paid out, including any attorney fees incurred.
California Driving School Owner and ATV Safety Training Organization Surety Bonds are continuous in term and remain in effect until canceled. The surety can terminate the bond at any time by giving a 30 day written notice to the DMV and principal.
Pacific Surety is proud to offer a variety of approvals regardless of credit with rates as low at $100 annually and discounted two-year pricing at $175 for qualifying applicants. This process typically takes just a few hours for a quote, and we have the ability to beat any competitors pricing. If you have any specific questions, feel free to contact our knowledgeable underwriting staff.