Details for applicant volume and the continuous bond

DMV's current company/school application lists $35,000 for testing 0–100 applicants per calendar year, $70,000 for 101–200, $100,000 for 201–300 and $175,000 for 301 or more. It exempts a third-party company or school that is a government entity. Give DMV your expected annual volume and obtain its required sum. Confirm that the provider's application and issued undertaking match that requirement before paying.

CDL-049 binds the principal and surety to the State of Nevada and gives the specified injured person or entity a direct action. When a surety disputes a claim, an application may be made to the DMV Director for good cause; after notice and hearing the Director may authorize payment. This does not mean every unsuccessful student or training complaint automatically qualifies.

The form is continuous and limits total aggregate liability to the bond's total amount. The applicant-volume measure and annual certification process do not create a new limit for each claim or make the undertaking expire at year-end.

The surety's written cancellation notice must be sent by registered mail. Cancellation becomes effective 30 days after Nevada DMV's Field Services Division receives it, not 30 days after posting. Coordinate replacement with DMV rather than assuming an annual certificate renewal settles coverage.

Match the company or school's legal and doing-business-as names, county and effective date. Complete principal and surety execution, the attorney-in-fact signature and printed name, surety seal and agent countersignature required by the accepted form. DMV separately reviews testing vehicles, examiner qualifications, approved testing facilities and records; the bond is not their approval.