This bond is required by the State of Idaho, Board of Education under Idaho Code, Title 33, Chapter 24 and Idaho Administrative Rule (IDAPA) 08.01.11. The Surety Bond covers misrepresentation as well as default. The Board can make a claim against your bond for any violation of the statutes and rules governing the school’s conduct, not just if a school closes. The bond amount varies based on the total tuition and fees the school collects from its students for the upcoming year; however, the bond will be accepted at a smaller amount if the school has been open for less than five years and the bond is accompanied by an additional financial instrument. To determine the cost of this bond, simply complete our easy online application.
To Get an Idaho Proprietary School Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.