Tennessee — Postsecondary Educational Institution Bond
Arrange the $10,000 security in the Tennessee Higher Education Commission's postsecondary institution bond form. Prepare the authorized institution name, location and commission filing details before applying.
Continue to our secure checkout partner, Propeller (opens in a new tab).
- Recorded state
- Tennessee
- Bond type
- Private / Career School Bond
- Category
- Schools & education
What this bond does
The bond supports the duties of a postsecondary institution authorized under the cited Tennessee education law. Its conditions address covered student losses and specified obligations associated with an institution's operations.
- Who needs it
- Postsecondary institutions arranging the surety form required for their Tennessee Higher Education Commission authorization.
- Who it protects
- The published form names THEC as obligee and addresses covered students, enrollees, parents or guardians, subject to the stated decision, loss and limit provisions.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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
- Authorized institution and operator names.
- Campus/location and THEC file reference.
- Commission's $10,000 form.
- Authorization, continuation and closure planning records.
Questions about this bond
Does this grant accreditation?
No. It is surety security connected with the institution's authorization.
Is $10,000 tuition reimbursement for each student?
No. It is the form's penal sum. Payment follows the form's conditions and limits.
Who is named as obligee?
The published form names the Tennessee Higher Education Commission.
Can security end immediately when teaching stops?
Follow the form's notice and surviving-obligation terms, along with the institution's authorization and closure requirements.