Kansas private postsecondary and out of state postsecondary institutions operating in the state are regulated and licensed by the state’s Board of Regents.
Before a license is granted by the Board, your private postsecondary school or out of state institution is required to provide evidence of a $20,000 surety bond. Meeting the surety bond requirement through our agency takes a matter of a few minutes.
You are automatically approved for the $20,000 Kansas private or out of state institutions bond. This is because after completing a short, over the phone application with our agency, and payment of the $200 premium, this bond is issued to you immediately.
The bond will be granted to you in moments because there is no credit check nor review by an underwriter.
Once your surety bond has been issued, it will be sent to you by mail along with a Power of Attorney. The original bond will bear our signature as Surety, and you will need to sign your bond as Principal before filing with the Board of Regents. You will also include the Power of Attorney with your bond form.
After payment of your $200 premium, your postsecondary school surety bond renews on the anniversary of its issuance.
Our agency also offers you the option to prepay your bond for up to 3 years. Prepayment of the premium allows for two things: It increases the intervals between renewals and it offers you a savings over year to year renewal of your premium.
The premium prepayment options and savings are as follows:
As stated within the wording of your surety bond, its purpose is a financial guarantee that you will the Kansas Board of Regents with records of all students who attend your school or who have attended your school at any time prior to its closure.
The surety bond is designed to cover the costs should the Board have to cover the expenses involved in obtaining those records, should that ever be required by the Board.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit surety bonds throughout Kansas.
Our agency also provides surety bonds nationwide.
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