Businesses engaged in the profession of arranging passenger carriers and brokering are regulated by the Virginia Department of Motor Vehicles.
In addition to other licensing requirements, a surety bond is required. This surety bond is offered by our agency as a new (first time bond), and for existing licensees, a renewal bond.
The Virginia passenger carrier and broker bond is a $25,000 surety bond required by the Virginia DMV.
Qualifying for the surety is simple: You will complete a surety bond application which can be completed with an agent from AmeriPro Surety Bonds. As a general rule, a credit check is also involved for this bond.
Applicants for passenger carrier and broker bond may pay as little as $250, annually for this bond; however, the amount that you will pay will be determined by your credit.
Additionally, we have options for your Virginia passenger and carrier broker surety bond for prepayment of 1, 2 and 3 years.
The Virginia passenger and carrier broker bond is a financial guarantee, in favor of the Virginia DMV, that you will be in compliance with all laws regulating the operation of a passenger carrier and broker business.
The applies specifically to Chapter 20, Title 46.2 of the Virginia Code and any updates or amendments.
The bond protects the state from criminal and wrongful acts, malfeasance and misfeasance on the part of a passenger carrier and broker in the carrying out of duties.
The surety bond also protects against wrong acts committed by agents, managers, and employees of a licensed passenger carrier and broker.
As principal of this surety bond, you are responsible for any claims (if that were the case) paid against your bond.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, contractor, court and fiduciary surety bonds throughout the Commonwealth of Virginia.
Our agency also provides surety bonds nationwide.
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