Tennessee pre-licensing course providers are regulated by the Department of Commerce and Insurance.
Pre-licensing concerns the following contractor vocations:
The Tennessee pre-licensing course provider bond is a $50,000 surety bond required by the Department.
Applicants for this surety bond will complete a short surety application and submit a credit check (personal or business).
Typically, an applicant for this bond will pay about 1% of the bond’s amount; however, information learned from the above may suggest a different surety bond amount.
Once issued, your Tennessee pre-licensing course provider bond is active for one year from the date of issuance.
It is important to maintain an active surety bond with the Department at all times. If your surety bond becomes voided or expires for whatever reason, until a replacement bond has been received by the Department, your course approval is considered “...void or denied...”
The Tennessee pre-licensing course provider bond serves as a financial guarantee which ensures your compliance with § 62-6-138 of the Tennessee Annotated Code and any amendments.
The bond is a financial guarantee on behalf of an in favor of the state of Tennessee that allows them to make a claim against your surety bond failure to comply with any provisions, and which in turn, causes harm.
As principal of this bond, you would be required to indemnify the surety for any claims paid against your surety bond.
AmeriPro Surety Bonds is a nationwide surety bonds-only agency provider. Such bonds include court, license and permit, and fiduciary bonds.
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