Minnesota - Blanket Private Career School Solicitor (Partnership) — required surety bond in Minnesota. Apply online in minutes.
This bond is a financial guarantee required for partnerships acting as solicitors for private career schools in Minnesota. It guarantees that the partnership and its representatives will operate honestly, adhere to state regulations, and not engage in fraudulent recruitment practices. If the solicitor violates these terms, the bond provides financial protection for affected students and the state.
Partnerships that recruit, solicit, or enroll students on behalf of a private career school in Minnesota must obtain this blanket bond. It is specifically designed for multi-person business partnerships rather than individual solicitors or corporations.
The obligee generally requires this bond to protect prospective students from deceptive enrollment tactics and financial loss. It ensures that solicitors are held financially accountable for misrepresentations or regulatory violations during the recruitment process. By requiring this bond, the state maintains the integrity of the private career education sector.
Click Apply Now to start our secure online application, which takes about 5 minutes to complete. Once approved and paid, your bond will be delivered directly by email. For any assistance, contact Noah Insurance Agency at 814-718-0060.
Premiums vary based on the required bond amount and the credit histories of the partners. Please apply online for an exact quote tailored to your partnership.
Required bond amounts vary based on state regulations and the specifics of your school's operations. You must verify the exact figure required for your partnership with the Minnesota Office of Higher Education.
Approval times vary depending on the underwriting process and the details provided in your application. Completing our fast online application is the best way to get your quote as quickly as possible.
Yes, Noah Insurance Agency works with a nationwide network of carriers to find coverage for applicants with a variety of credit profiles. Call us at 814-718-0060 to discuss your specific situation.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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