Virginia Health Club Bond
Virginia Health Club Bond Information
Health clubs, gyms, spas and other fitness facilities are required by state law to have a surety bond in place. These surety bonds provide protection to members who prepay, or make advance club membership payments. In addition, the surety bond guarantees compliance with applicable laws, regulations, and licensing requirements.
What Does a Health Club Bond Protect Against?
The bond obligates the principal to faithfully and truly fulfill all of its health club contracts as defined in §59.1-296, Code of Virginia, Health Clubs, and meet all other requirements of the Virginia Health Club Act.