The Kansas Post-Secondary Institutions bond is required by the Kansas Board of Regents. The bond amount is $20,000. It states that if the Kansas Board of Regents issues a Certificate of Approval and the post-secondary institution closes, the institution shall deliver or make available the records of all students who are in attendance at the time of closure or those who have attended the institution at any time prior to closure.
In addition, the institutions shall pay all expenses or damages which the Kansas Board of Regents may sustain in gaining possession of said student records, and for all expenses necessary for permanent retention and maintenance.
Surety1 can offer this bond for as low as $200 for the year!.
Who needs to submit a surety bond?
Surety bonds are a requirement for Private or Out-of State post-secondary educational institutions seeking to have a Certificate of Approval from the Kansas Board of Regents.
An Out-of-State Post-Secondary educational institution is an educational institution chartered, incorporated or otherwise organized under the laws of any jurisdiction other than the state of Kansas. A Private Post-Secondary educational institution refers to a profit or not-for-profit business which has a physical presence or which solicits business within the state of Kansas.
What are the requirements for that need to be met?
Schools must first complete an initial inquiry questionnaire. The next step is to submit an application and pay all the fees that need to be paid.
Where can I get a Kansas Post-Secondary Institutions Bond?
All you need to do is complete our easy to navigate online application form. Within one or two business days, one of our surety experts will contact you with a no obligation quote on the premium. If you wish to proceed the premium would be collected, the bond issued and mailed to you via USPS Priority. Overnight shipping is available for an additional fee.
With Surety1, you get fast and reliable service as evidenced by our A+ rating from the Better Business Bureau. Licensed in all 50 states, we have been issuing surety bonds in Kansas since 2003.