(844) 589-9732

Hawaii Health Club Bond

May 7, 2020

The Hawaii health club bond is offered for applicants with good and satisfactory credit. Approval is at 1% of the surety bond amount required. Please call AmeriPro Surety Bonds today at 844-589-9732.

Hawaii Health Club Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond and Purpose

 

 

 

As a condition of licensing with the state, unless your Hawaii health club:

  • doesn’t collect more payments for more than 1 month of service;
  • doesn’t collect payments of enrolling or other fees that in the aggregate are more than $200;
  • AND, doesn’t collect payments that are marked for future monthly services,

THEN

Your health club is required to obtain a surety bond of at least $100,000. The licensing entity will tell you the bond amount required of you, if it is greater.

The purpose of your health club surety bond is to serve as a financial guarantee for your customers in case of the bankruptcy, insolvency, or dissolution of your health club business which causes them loss of fees paid.

 

 

 

Qualifying and the Premium

 

 

 

Approval for the Hawaii health club bond includes: completing a short surety bond application; having the application reviewed by an underwriter; and having good and satisfactory credit.

With respect to credit, our agency only approves those applicants with good credit. This is why our rates are so competitive.

Our agency can begin the application with you over the phone, saving you a lot of time; however, the application will require your signature before it is reviewed.

Approval for your health club bond will be offered at 1% of the bond amount required.

Upon approval of your surety bond and payment of the premium, our agency issues your bond and a Power of Attorney form.

We’ll sign your bond as Surety; upon receipt by mail, you’ll sign your bond as Principal.

Thereafter, you’ll file your bond with the appropriate regulatory body.

 

 

 

Premium Prepayment Options

 

 

 

Your health club bond is issued to you for a standard one year term.

Candidates for the Hawaii health club bond who anticipate no changes in the bond amount from year to year may prepay their surety bond up to 3 years, thereby obtaining a savings over annual renewals.

A $100,000 health club bond at 1 year is $1000; prepaid for 2 years is $1800, a $200 savings; and prepaid for 3 years is $2600, a $400 savings.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate, and other surety bonds in Hawaii and all 50 states.

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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