Iowa Commercial Driver License 3rd Party Tester Bond
AmeriPro Surety Bonds – 844-589-9732
Commercial Drivers 3rd Party Testers – Iowa
Iowa commercial driver companies who offer 3rd party testing in the state are defined by Iowa statute §383.5. As a condition of being licensed as a commercial third party tester, you must provide evidence of financial responsibility.
Evidence of financial responsibility is satisfied by the purchase of a $50,000 commercial 3rd party tester surety bond.
Meeting this requirement will be the easiest part of your licensing process.
Qualifying and the Premium
You are automatically approved for the $50,000 Iowa commercial driver license third party tester bond. This is because after a short surety bond application – which we’ll take from you over the phone — and payment of the premium, $500, we issue the bond to you immediately.
Note that there is no credit inquiry nor review by an underwriter for this surety bond. All applicants for this bond are approved.
Once the premium has been paid and the bond issued, a copy of the bond can be emailed to you. The original surety bond, which you will sign as the Principal, will be mailed to you by the following business day.
It is the original bond which you should ideally file with the Department. The address for filing is:
Office of Driver Services
6310 SE Convenience Blvd.
Ankeny, IA 50021
Duration of Your Bond; Premium Payment Options
This bond is issued with a standard term of one year; thereafter, the bond renews. You also have the option to prepay this bond for up to 3 years. Prepayment of the premium besides lengthening the time between renewals, offers you a small savings over renewing each year.
The premium prepayment options – and savings – are as follows:
- If prepaid for 2 years, the premium is $900, a $100 savings;
- If prepaid for 3 years, the premium is $1300, a $200 savings.
Purpose Of Your Surety Bond Requirement
This surety bond is a financial guarantee that as a test or skills examiner, you will be in compliance with the state’s Third Party Agreement and other applicable laws, including Iowa Code 321.187. More broadly, the bond protects the state against acts of fraud, theft, or negligence in the administration of commercial driver license testing and other related duties.
AmeriPro Surety Bonds is a surety bonds only agency. We provide license and permit bonds throughout Iowa. Our agency also provides surety bonding nationwide.
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