(844) 589-9732

Kansas Proprietary School Bond

May 29, 2020

The $20,000 Kansas proprietary school bond, required by the state's Board of Regents, is offered for 1% on approval of satisfactory credit. Please call AmeriPro Surety Bonds at 844-589-9732.

Kansas Proprietary School Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond Requirement And Its Purposes

 

 

 

The Kansas Board of Regents requires proprietary schools, defined as institutions which offer instructions for:

  • business trade;
  • occupational or industrial entities;
  • or which offer degrees

To obtain a $20,000 surety bond as a condition of licensing. The surety bond is required pursuant to the Kansas Private and Out-of-State Postsecondary Educational Institution Act 74-32, 175, as amended.

The purpose of this surety bond requirement is to serve as a financial guarantee that you will make available to the Board an accounting of all students who are registered in your school at the time of its closure; or who were registered at your school before its closure.

 

 

 

Qualifying and the Premium

 

 

 

Approval for the $20,000 Kansas proprietary school bond includes completing a short surety bond application, and having the application reviewed by an underwriter.

Our agency can begin the application with you by phone; however, you’ll need to complete, sign, and have witnessed (although it does not need to be notarized) your application.

The underwriter review includes a credit check inquiry. To be approved by our agency, good credit is required.

Approval for this $20,000 surety bond is offered at 1%, $200 annually.

Upon approval of your bond and payment of the premium, our agency issues your bond and a Power of Attorney form to you. Our agency signs your bond as Principal; you’ll sign it as Surety.

You will then file all surety bond-related documents to:

State of Kansas

Board of Regents

1000 S.W. Jackson Street

Suite 520

Topeka, KS 66612

 

 

 

Premium Prepayment Options

 

 

 

The premium for your Kansas private school surety bond renews annually. You may also choose to prepay your premium up to 3 years.

Prepayment of the premium offers you a savings over annual renewals, besides lengthening the time between those renewals.

The premium prepayment option and savings are as follows:

  • If prepaid for 2 years, the premium is $360, a $40 savings;
  • If prepaid for 3 years, the premium is $520, an $80 savings.

 

 

 

About Us

 

 

 

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

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out our Contact Form below and a Surety Agent will call you...

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