DMV Driving School Bond - California

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Bond Description

California driving school and ATV safety training surety bonds ensure that principals (driving school owners and ATV training safety organizations) refrain from committing fraud or making any fraudulent representation that will cause monetary loss to a student.  Should a loss occur, the principal will be responsible for reimbursing the surety for any damages paid out.

Bond Amount
Cost
Term
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$10,000$100.00 1 yearSTART APPLICATION
$15,000$150.00 1 yearSTART APPLICATION

Requiring Entity

State of California Department of Motor Vehicles

Underwriting Criteria

INSTANT ISSUE - No personal credit check required

Premium Rate(s)

1 Year - $100

Who is Required to Secure this California DMV Driving School Bond

All driving school owners and principals in an all-terrain vehicle safety training organization are required to secure and file a surety bond with the California Department of Motor Vehicles in the amount of $10,000. If the owner is not the operator of the driving school, the owner shall designate an operator and file with the department an instrument, in writing, appointing the director as the agent of the applicant upon whom a process may be served in any action commenced against the applicant arising out of any claim for damages suffered by any person by the applicant's violation of any provision of this code or any condition of the bond (C.V.C 11102)

Bond Requirement Specifics

The California DMV Driving School bond is required by the State of California Department of Motor Vehicles and is conditioned that the applicant shall not practice any fraud or make any fraudulent representation that will cause a monetary loss to a person taking instruction from the driving school or all-terrain-vehicle training organization.

Who is protected Under this California DMV Driving School Bond

The bond protects all persons receiving instructions from the driving school or all-terrain-vehicle training organization.

Underwriting Process

Each applicant must first complete and submit the application for a Driving School Owner of All-Terrain Vehicle Training Organization Bond, which contains all of the pertinent information regarding the business and business owners. Once the application is received, a routine examination of the business owner’s/applicant’s personal credit history will be performed to determine approval of the bond. Upon receipt of the application, our agency will be able to provide a response as to approval for the Driving School Owner of All-Terrain Vehicle Training Organization Bond within one business day. Once the application is approved, the bond will be executed and released to the applicant upon receipt of payment and original application.

What you Need to do Once you have your California DMV Driving School Bond

Once the Driving School Owner of All-Terrain Vehicle Safety Training Organization Bond has been approved and released to the applicant’s care, it must be filed with the Department of Motor Vehicles along with the all related paperwork. The Department of Motor Vehicles will maintain the bond, which must remain effective at all times to prevent the suspension of the license.

Obligee Link

http://dmv.ca.gov/pubs/vctop/d05/vc11102.htm http://dmv.ca.gov/forms/ol/ol210.pdf http://dmv.ca.gov/vehindustry/ol/dsowner.htm

* Please be advised that the quote you obtain for this bond may include a fee charged and retained by The Bond Exchange.