Alabama Private School Performance (Degree Granting) Bond
The bond is required for those who seek a license to operate a degree granting private school pursuant to Alabama Code § 16-46-1 through 10 (1975).
An Alabama private school performance bond for degree granting private schools is required for those who seek a license to operate a degree granting private school pursuant to Alabama Code § 16-46-1 through 10 (1975). The bond guarantees that the degree granting private school will operate in accordance with the applicable government rules and regulations. It protects students from any loss due to breach of contract, fraud, misrepresentation in enrolling a student, and/or administering a course of study, or any other violation of an obligation to Alabama students pursuant to Alabama State statutes.
Those seeking to operate a degree granting private school are required by the State of Alabama statutes to obtain this bond.
Alabama requires a $50,000 surety bond for those seeking to operate a licensed degree granting private school in the state.
Colonial offers the direct and digital way to obtain an Alabama private school performance (degree granting) bond. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print your bond instantly from your office. It’s that simple!
An Alabama private school performance (degree granting) bond is reasonably priced and easy to obtain. You may notice that with other insurance agents and middlemen companies, your premium rate will fluctuate and include additional hidden fees and costs. Colonial offers our lowest possible rate. Premium is based on the amount of the bond required by the applicable court.
It is important to understand how surety bonds work, and who is the insurance company issuing your bonds. It is easy to obtain Alabama private school performance (degree granting) bonds when you deal direct with a quality insurance company licensed to write surety bonds. Colonial is an A (Excellent) rated insurance company by A.M. Best, that has been incorporated since 1930. We are Treasury listed, and licensed and admitted in all U.S. states and territories.