Pennsylvania Private Licensed School Bond

A Private Licensed School Surety Bond is required in Pennsylvania by the provisions of the Private Licensed Schools Act and the regulations promulgated by the State Board of Private Licensed Schools for those operating schools involving express contracts with students. The bond is a condition of being granted a license or registration to the private school by the Board pursuant to 22 Pa. Code §73.54. The surety bond is written for the benefit and protection of the students in the event that the school operated or owned by the bonded principal is closed or the suspension, revocation or termination of the principal’s licensure or registration occurs under the Pennsylvania Private Licensed Schools Act.