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Minnesota Commercial Driver Training School Bond

July 22, 2020

The Minnesota commercial driver school training license bond is offered for immediate issuance as a $10,000, $20,000 or $30,000 surety bond. Please call AmeriPro Surety Bonds at 844-589-9732.

Minnesota Commercial Diver Training School Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond: Amounts and Purpose

 

 

 

Commercial driver training schools in Minnesota must meet the listed requirements mandated by the state before licensing.

Evidence of financial responsibility in the form of a surety bond is also required.

According to Minnesota Administrative Rules 7411.0275, the amount of the surety bond is determined by the number of students enrolled in your school based on the prior calendar year.

These amounts are determined as follows:

  • 1 to 100 students, $10,000 surety bond;
  • 101 to 500 students, $20,000 surety bond;
  • 501 or more students, $20,000 surety bond.

The surety bond is required to as a financial guarantee that you’ll be in compliance with all rules concerning Minnesota commercial driving schools and commercial driving instructors.

 

 

 

Qualifying and the Premium

 

 

 

Our agency approves you immediately for the $10,000 - $30,000 Minnesota commercial driving school. There is no credit check nor review of an application by an underwriter; you are therefore approved immediately.

The annual premiums are as follows:

  • $10,000 surety bond amount - $100 premium;
  • $20,000 surety bond amount - $200 premium;
  • $30,000 surety bond amount - $300 premium.

Our agency will take the application and the premium payment from you by phone. Upon payment of the premium, we will sign and notarize your bond as Surety.

Upon receipt of your original surety bond, you’ll have your bond notarized as Principal, depending on your business structure (i.e. corporate, individual, partnership).

You will then file your surety bond and POA to the following address:

Minneapolis Department of Public Safety

445 Minnesota Street

St. Paul, MN 55101

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit, court, probate, and other surety bonds in Minnesota, all 50 states, and Washington D.C.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you...

 

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