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Georgia Nonpublic Postsecondary Educational Institution Bond

Georgia Nonpublic Postsecondary Educational Institution Bond

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Who Requires the Nonpublic Postsecondary Educational Institution Bond and Why Is It Needed?

The surety bond is required by the State of Georgia for those businesses operating as Nonpublic Postsecondary Educational Institutions defined in the 'Nonpublic Postsecondary Educational Institutions Act of 1990," O.C.G.A. § 20-3-2.50.1, et. seq., and authorized by and in conformity with the provisions of the Act and all rules and regulations promulgated by the Nonpublic Postsecondary Education Commission. The surety bond may be used for the benefit of any person or governmental subdivision of the State of Georgia, or any student or enrollee or his or her parent or guardian suffering expense or damage due to the bonded principal's breach of the terms of the bond.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your Georgia Nonpublic Postsecondary Educational Institution 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.

What Does the Bond Protect Against?

The surety bond protects those violated by the institution or any of its officers, agents, or employees against all damages or expenses which the State, or any governmental subdivision, or any person may sustain resulting from any violation of the terms of the surety bond. The aggregate liability of the Surety shall not exceed the sum amount of the required bond on all breaches of the condition of the bond.




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