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District of Columbia Modern Taximeter System Payment Service Provider Bond

District of Columbia Modern Taximeter System Payment Service Provider Bond

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Who Requires the Modern Taximeter System Payment Service Provider Bond and Why Is It Needed?

Taxicab meter system businesses operating in the District of Columbia must post surety bonds in the amount of $50,000. The surety bond guarantees that the taximeter service provider will conduct business in accordance with the District of Columbia Municipal Regulations and the District of Columbia Official Code.

How Much Will My Surety Bond Cost?

Take 2 minutes to provide the basic information required to get the best rates for your District of Columbia Modern Taximeter System Payment Service Provider 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?

In the event of damages resulting from the dealer’s non-compliance with bond terms, the surety is bound to cover losses for harmed parties up to the full penalty of the bond. Furthermore, the principal is obligated to indemnify the surety for any damages paid.




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