The Kentucky School Agent Bond is required by the Kentucky State Board of Proprietary Education. The bond amount shall not be less than $5,000. The bond states that the bondholder will protect any student, enrollee, parent/guardian of such student from suffering a loss or damage as the result of any fraud or misrepresentation used in procuring an enrollment.
In addition, the bond shall be conditioned by the commission to recover all necessary administrative costs. This includes, but not limited to, costs for the acquisition, permanent filing, and maintenance of student records of the proprietary school. Including the result of the student being unable to complete the course or courses because the proprietary school ceased operations.
What is the purpose of a Kentucky School Agent Bond?
No person can act or perform the services of an agent in Kentucky for a proprietary school until they have been issued a permit and is of good moral character. The applicant must submit an application form, along with a surety bond in the amount that should not be less than $5,000.
How can I get a Kentucky School Agent Bond?
The process is simple. To start, complete our free online application form. Next, one of our licensed surety agents will contact you with a no-obligation quote on the bond premium. They can answer any questions you might have. After you pay the premium and sign the paperwork, we will send out your School Agent Bond. You have the option of receiving your surety bond via USPS Priority Mail or overnight delivery.
Here at Surety1, you are assured of the lowest rates available. You will also receive fast and reliable service, as evidenced by our A+ rating from the Better Business Bureau.
Surety1 has been writing Surety Bonds since 2003 and we are licensed in all 50 states.