Performance Bond Amounts Rise in 2015
Have you ever spent hours at the DMV waiting to get tested for a driver’s license? If you’re not first in line, you could be in for a long day. Some states makethe process easier for the public by authorizing Third Party Administrators for Driver License Testing. Students can be tested in convenient locations, which include online testing for knowledge exams. Fewer lines, faster service, happier drivers.
Third Party Administrators must obtain bonds to ensure that they will adhere to all the State and local regulations. The Florida Department of Highway Safety and Motor Vehicles raised the bond requirement for Third Party Administrators from 50,000 to $200,000. Businesses that conduct both the driving skills and the knowledge testing must have a separate bond for each service. The bonds must be purchased from a Surety through a licensed agent, such as SuretyGroup.com.
SuretyGroup.com can get you bonded with the proper amount to help keep your business thriving. Our friendly Surety Bond Specialists can often give you same-day approval that makes obtaining a Performance Bond quick and easy.
Have questions? SuretyGroup.com can help. Give us a call at 1‑844‑432‑6637 and our surety bond specialists can walk you through the bonding process.
SuretyGroup.com – Your Online Bond Provider.
Great Rates. Solid Advice. Quick Solutions.