All third parties contracted with the Florida Department of Highway Safety and Motor Vehicles (DHSMV) to become exam administrators for Class E driver’s licenses are required to post a surety bond as part of their licensing requirements. There are two different exams given for the Class E driver’s license, knowledge and driving skill, with each test type requiring a separate surety bond from the administrator. The bond amount for each test type is $200,000, and you can find the required bond forms here and here. Providing Class E Knowledge or Skills Exams as an authorized third party administrator (TPA) gives the TPA access to the test taker’s confidential personal and financial information. The purpose of these bonds is to ensure the DHSMV and/or test takers are compensated if fraud or misuse is determined. 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 (third party administrator) is then required to reimburse the surety for all monies paid out, including any attorney fees incurred.
Florida Third Party Driving Exam Administrator Surety Bonds have a 1-year term and can be renewed with a continuation certificate provided to the DHSMV. Unlike other bonds, this bond cannot be canceled midterm and remains in effect for the full term. The surety can choose not to renew the bond at the end of the term if it wishes to end its obligation.
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.