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Colorado Private Occupational School Bond

Colorado Private Occupational School Bond

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Who Requires the Private Occupational School Bond and Why Is It Needed?

A Bond of Private Occupational Schools is a type of surety bond required by those being issued a Certificate of Approval by the Division of Private Occupational Schools, Colorado Department of Higher Education. The condition of the bond is that the bonded principal and its agents must not cause loss of any tuition or fees or damage to any student, enrollee or parent or guardian as a result of the school ceasing operation, or as a result of any act or practice which is a violation of any minimum standard as set forth in 12-59-106 of The Private Occupational Education Act. The total liability of the principal and surety company to the parties listed above will not exceed the unearned portion of tuition and fees paid or liable to be paid as a result of a school ceasing operation and regardless of the number of years that this bond is in force the aggregate liability will not exceed the penal sum of this bond.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Colorado Private Occupational School Bond. The quote request is free and there is no obligation to you. If you prefer, please call 1‐800‐608‐9950 to speak with one of our friendly bond experts. We can help guide you through the bonding process and identify the lowest cost in the market for your situation.

If you are interested in spreading out the cost of your bond over time, we can offer convenient financing plans for many types of surety bonds. More information will be provided with your quote.




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