Surety Bonds Ohio:

Proprietary School

Proprietary School (Certificate of Registration) Bond: Proprietary School Surety Bonds are Surety Bonds required by Municipalities and State Governments to ensure principal abides by the governing rules and regulations.

This Bond guarantees that the Principal and the Surety Bond company shall indemnify the State of Ohio and any student or enrollee or his or her parents or guardian suffering a loss of prepaid tuition or fees as the result of :

1. School closure

2. Program termination

3. Other acts or omissions that result in the cancellation, revocation, or expiration of a Certificate of Registration or Program Authorization issued to the Principal under Ohio Revised Code Chapter 3332.