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Florida bonds

Florida — Rebuilt Motor Vehicle Inspection Facility Bond

The Florida Rebuilt Motor Vehicle Inspection Facility Bond is a financial security instrument required for businesses applying for certification to operate a rebuilt motor vehicle inspection facility under Section 319.141 of the Florida Statutes. This surety bond ensures the principal complies with state regulatory provisions and the terms of the Private Rebuilt Motor Vehicle Inspection Program Memorandum of Understanding.

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Recorded state
Florida
Bond type
Vehicle Inspection Station Bond
Category
Vehicles, titles & transportation

What this bond does

The bond serves as a guarantee to the Director of the Division of Motorist Services that the certified facility will conduct business in accordance with Chapter 319.141, Florida Statutes. It protects the state obligee against financial losses or damages resulting from the facility's failure to adhere to statutory requirements or program agreements.

Who needs it
Applicants seeking certification as a Rebuilt Motor Vehicle Inspection Facility in Florida who must provide proof of financial responsibility to the Division of Motorist Services as a condition precedent to their appointment.
Who it protects
This bond provides protection to the Director of the Division of Motorist Services and their successors. In the event of a violation of the governing statutes or the memorandum of understanding, the bond acts to cover losses incurred by the obligee as a result of the principal's operations.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Statutory and Programmatic Obligations

Operators of rebuilt motor vehicle inspection facilities are bound by the regulations established in Section 319.141 of the Florida Statutes. The bond ensures that the principal fulfills all contractual obligations defined in their specific Memorandum of Understanding with the state.

Compliance with these standards is mandatory for the duration of the authorization period. The bond remains active to support the facility's certification, reinforcing the commitment to honest and lawful vehicle inspection practices as defined by state law.

Maintaining Bond Coverage

Should a participant terminate their agreement with the Department or cease business activities, the surety bond must remain in effect for a period of one year following that termination. This tail coverage is designed to account for any potential claims or damages arising from activities during the period of operation.

The obligation is designed to be joint and several, binding the principal and the surety company to the penal sum specified in the bond agreement. This ensures the obligee maintains a reliable avenue for recovery should a documented violation occur during the business lifecycle.

Execution and Filing

To satisfy the state requirement, applicants must deliver a valid, executed surety bond form to the Division of Motorist Services. The document requires formal signatures from the principal and the authorized surety agent, including the agent's seal and contact information.

The bond is effective for the term specified in the authorization and may be continued annually. Proper documentation ensures the facility meets the necessary conditions precedent for appointment by the state.

Sources

Have these ready

  1. Determine the required penal sum for your specific facility certification as directed by the Division of Motorist Services.
  2. Verify that your business information and authorization dates match the application submitted to the state.
  3. Obtain the signature and seal of a qualified surety company authorized to conduct business in Florida.
  4. Ensure the bond is signed by the principal and the surety agent before submission to the Department.

Questions about this bond

Who is the obligee of this bond?

The obligee is the duly appointed Director of the Division of Motorist Services of the State of Florida and their successors in office.

Does this bond cover customer financial losses?

The bond is held in favor of the Division of Motorist Services to cover losses suffered by the obligee due to violations of statutory or program requirements.

Is the bond released immediately upon closing the facility?

No, if the business ceases operations, the bond must remain in full force and effect for one year following the cessation to cover any potential outstanding claims or damages.

What statutes govern this bond requirement?

This bond is required under the certification process established by Section 319.141, Florida Statutes, and the Private Rebuilt Motor Vehicle Inspection Program.

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