Massachusetts HB 3652 — which went into effect on August 1, 2012 — intends to improve the supervision of for-profit (or “proprietary”) occupational schools in the state. In addition to defining what a private occupational school is and how one should lawfully function, this bill — signed into law by Gov. Deval Patrick in June 2011 — includes the following Massachusetts surety bond requirement.
“(g) No license shall issue under this section until the prospective licensee, or 2 or more prospective licensees who intend to secure a joint indemnification, shall furnish either a bond with a surety or a form of indemnification acceptable to the division in the amount determined by the state auditor of not less than $5,000 for a school’s license, and not less than $1,000 for a license for a representative of a private occupational school; provided, however, that the liability of licensee shall be limited to indemnifying the claimant for his actual damages.”
Click here to read Massachusetts HB 3625 in its entirety.
If you need a private/occupational school bond for Massachusetts or any other state, contact a surety expert online or by phone at 1 (800) 308-4358.