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Virginia Passenger Carrier and Broker Bond

Virginia Passenger Carrier and Broker Bond

www.suretybondsdirect.com/surety-bond/passenger-carrier-and-broker-bond/va

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Who Requires the Passenger Carrier and Broker Bond and Why Is It Needed?

Passenger Carrier and Broker Surety Bonds are surety bonds required by those applying for certificates of authority with the Virginia Department of Motor Vehicles (Forms OA 141, OA 150, or OA 151) as Contract Passenger Carriers. A Contract Passenger Carrier in Virginia is defined as a person who contracts to transport groups of passengers and who charges a group fee. The surety bond is required of authorized passenger transport groups in order to ensure compliance with state mandated rules and regulations. Generally, the surety bond is needed for the following authorities; Transportation of Passengers Broker, Transportation of Property Broker, and Household Goods Carriers.

How Much Will My Surety Bond Cost?

Some Virginia Passenger Carrier and Broker Bonds are offered completely online without a credit check or any paperwork. Surety Bonds Direct has access to the lowest bond prices available in the market for applicants with good credit and bad credit.

It only takes a couple minutes to provide us with the information required for a free, no-obligation quote. Or if you prefer, 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 Passenger Carrier and Broker Bond ensures that the bonded principal observes and complies with the requirements of law, and shall save and holds harmless any person from fraud or fraudulent representation or from any loss or damage resulting from a breach of any contract or from any loss or damage suffered by reason of the violation of the provisions of Chapter 20, Title 46.2 of the Code of Virginia. The surety bond indemnifies the Commonwealth of Virginia or anyone aggrieved by fraud, fraudulent representation, or loss or damage resulting from breach of contract or violation of the Code of Virginia.




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