Florida — Third Party Driver License Testing Class E Knowledge Exams Bond
This bond is required for entities entering into a contract with the Florida Department of Highway Safety and Motor Vehicles to provide third-party testing services for Class E knowledge exams. It serves as a financial guarantee that the service provider will fulfill the obligations outlined in their professional agreement with the state.
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- Recorded state
- Florida
- Bond type
- Vehicle Testing / Special Use Permit Bond
- Category
- Vehicles, titles & transportation
What this bond does
The bond protects the Florida Department of Highway Safety and Motor Vehicles by ensuring that third-party testing service providers perform their contractual duties as agreed. It provides a source of recovery if the provider fails to uphold the specific terms stipulated in their service contract for administering exams to the public.
- Who needs it
- Applicants and entities authorized to act as third-party providers for Florida Class E knowledge exams who must secure financial assurance to satisfy state contract requirements.
- Who it protects
- This is a surety bond with a penal sum of $200,000.00. It is payable to the Florida Department of Highway Safety and Motor Vehicles as the obligee, covering the performance of duties defined in the underlying contract between the provider and the state department.
Your bond option
This is the option on record for this bond.
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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.
Sources
Have these ready
- Review the specific service contract signed with the Florida Department of Highway Safety and Motor Vehicles to confirm the required effective dates.
- Verify that the principal entity information matches the legal name registered with the state.
- Ensure the bond is signed by authorized representatives of both the principal and the surety company.
- Confirm the $200,000.00 penal sum is clearly stated on the bond document before submission.
Questions about this bond
What is the penalty amount for this bond?
The bond is written in the maximum penal sum of $200,000.00.
Does this bond provide cumulative coverage over multiple years?
No, the liability of the surety is not cumulative from period to period and will not exceed the $200,000.00 amount regardless of the duration the bond is held.
What happens if the surety decides not to renew the bond?
If the surety chooses not to issue a continuation certificate, the bond will expire at the end of its term. The surety's refusal to renew or the principal's inability to secure a replacement is not considered a recoverable loss for the obligee.
Is there a deadline for filing a claim against the bond?
Yes, any claim, action, or proceeding against the surety must be brought within one year from the date of the bond's termination or expiration.