District of Columbia Taxicab Commission adopts surety bond requirement

taxicab

In addition to adopting a new taxicab number system, the District of Columbia Taxicab Commission has adopted a $50,000 surety bond requirement to benefit the District as a part of the licensing process for taxi businesses.

The bond is conditioned on the new laws adopted by the commission and requires the licensee to pay any fines or judgment for violating the regulations. Businesses must hold a surety bond that will last the entire business license plus one year past termination or non-renewal.

For more information on the Washington, D.C. taxi business licensing process, click here. The commission posted the update online October 1, 2012.

If you need a surety bond in Washington, D.C. or any other state, contact SuretyBonds.com online 24/7 or by phone at 1 (800) 308-4358 Monday through Friday, 7 a.m. to 7 p.m. CST. You’ll be connected with an expert surety specialist who will walk you through each step of the bonding process.

About the Author

Jon Gottschalk
Jon Gottschalk is the Senior Marketing Director for Suretybonds.com and regularly blogs at the Surety Bond Insider to keep consumers informed on new legislation and updates in the commercial surety industry. He is also a licensed property & casualty insurance producer in Missouri.