In North Dakota, postsecondary career schools are licensed and regulated by the state’s Board for Career and Technical Education.
A condition of licensing is that the appropriate surety bond amount be furnished. The amount required is computed as follows:
Our agency offers you the North Dakota postsecondary career school bond in whatever amount you require.
However, applicants for this bond for any amount up to and including $50,000, inclusive, are approved automatically.
What this means is that after completing an application ---which can be taken over the phone--- and paying the premium, your bond is issued to you immediately. There is no credit check. The premium rate is 1% of the amount required.
Applicants who require a surety bond amount greater than $50,000, will need to both complete and sign a surety application, as also undergoing an underwriter review which includes a credit inquiry.
Approval for amounts greater than $50,000 is contingent upon good credit; the rate for such approval is also 1%.
Upon approval of your bond and receipt of the premium, our agency issues you the following: A surety bond and POA (Power of Attorney) form. You’ll sign your bond when it comes in the mail, and then file it with your POA form to:
North Dakota Career And Technical Education
600 E. Boulevard Avenue, 15th Floor
Bismarck, ND 58505-0610
Section 200 (n) of the state’s regulations states simply that your surety bond requirement is for the contractual protection of the rights of students.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide postsecondary school related surety bonds wherever required nationwide.
Our agency is also a provider of license and permit, probate, and other surety bonds in North Dakota and all 50 states.
Please call us today at:
Or, you may fill out the form below and a Surety Agent will contact you...