1 (844) 589-9732

Minnesota Health Club Bond

The Minnesota health club bond, which includes dating, and buying clubs, can have amounts which range up to $200,000. Please call AmeriPro Surety Bonds today at 844-589-9732.

Minnesota Health Club Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Health Clubs – Minnesota

 

 

 

The Attorney General Office of Minnesota is the regulatory body of health, dating, and buying clubs in the state.

By statute, such businesses must be licensed and registered, pay a $250 registration fee, and renew the registration fee at a price of $150 by each September 1st.

A condition of licensing is that you also obtain the required surety bond and file it with the AG’s Office. Our agency provides you with the surety bond in the amount required by law.

 

 

 

Health Club Bond: Amount Required; Qualifying

 

 

 

According to Minnesota law, the amount of the Minnesota health club bond shall be equal to:

Qualifying is by means of standard surety bond application, and a credit check.

For larger bond amounts, you may be asked to provide your own financial statement, the form of which we can provide to you if necessary.

For facilities under construction and which have not yet opened:

For health club facilities which have not yet opened and are under construction, the minimum surety bond amount required is $25,000. This amount is required until the dollar value of your obligations to future customers exceeds this amount.  At that time, the bond must be adjusted.

 

 

 

Estimated Premium

 

 

 

Typically, the estimated annual premium for this bond is between 1%-2%. You may also wish to keep in mind that Minnesota may require you to adjust the amount of surety required according to the value of your registrations.

 

 

 

The Purpose of your Surety Bond Requirement

 

 

 

Required of your health club facility, the purpose of the surety bond is for the protection of your customers. This surety bond protects your customers who may lose any amount of prepaid membership due to the bankruptcy or closing of a health, dating, or buying club facility.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds only agency. We provide license permit, probate, and fiduciary surety bonds throughout Minnesota.

Also, we provide surety bonds nationwide.

Please call our agency today at:

844-589-9732.

Or, you may fill out the form below and an agent will contact you…

 

Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Indiana Replevin Bond

Indiana Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Indiana Action of Replevin; Surety Bond and Purpose       An replevin action takes place in a civil litigation proceeding. The Plaintiff, permitted by order of the presiding...

Illinois Probate Bond

Illinois Probate Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose       Probate is the legal process of “proving” a will. Probate may also be required when a decedent is intestate, that is, dies without a will, to...

Illinois Replevin Bond

  Illinois Replevin Bond AmeriPro Surety Bonds | 844-589-9732     Surety Bond; Purpose And Amount       An action of replevin, alternately referred to as a “writ of attachment” or sequestration, occurs when a Plaintiff, in a civil...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)