Individuals who are engaged in the operation of a driving school in the state of Connecticut are required to post a surety bond with the Connecticut Department of Motor Vehicles as part of their licensing requirements. The amount for this surety bond is $15,000 per location, up to a maximum of $100,000 per driving school license. This driving school surety bond guarantees that the principal (driving school) complies with 14-78-1 – 14-78-52 of the Regulations of Connecticut State Agencies governing the operation of a driving school, and protects the consumer from financial harm if the principal does not provide the contracted training due to the school going out of business. 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.
Connecticut Driving School Surety Bonds have a continuous term and remain in effect until canceled. The surety can terminate the bond at any time by giving a 30 day written notice via registered or certified mail to the motor vehicle commissioner and principal. A lapse or termination of the surety bond may result in suspension, revocation or refusal to renew the driving school license.
Pacific Surety is proud to offer a variety of approvals regardless of credit with rates as low at 1% annually for qualifying applicants. The 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.
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Driving School Surety Bonds – Connecticut
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