Michigan Driver Education Provider Bond
What is a Michigan Driver Education Provider Bond?
Driving schools and testers must post surety bonds in order to legally conduct business in the state. The bond ensures the business operates in accordance with rules, regulations, and statutes prescribed by the governing authority. Driving School Bonds protect third parties from unethical business practices. In some cases, the state requires that the surety bond also guarantee customers' tuition return in the event that the school is suddenly closed.