New York Online Pre-Licensing Course Bond Guide
If you’re applying for an online pre-licensing course sponsor license in New York, you’ll likely need this surety bond.
Bond Overview
- Purpose: To recover damages in the event of a security or data breach
- Who Needs It: Online driver’s pre-licensing course sponsors
- Regulating Body: The New York State Department of Motor Vehicles (DMV)
- Required Coverage: $100,000
- Premium Rate: $1,000–$10,000, credit-based
Learn all about the bond requirements and process in this guide.
What Is a New York Online Pre-Licensing Course Provider Bond?
A New York online driver’s pre-licensing course provider bond provides financial security to recover damages in the event of a security or data breach.
The State Department of Motor Vehicles requires this bond as part of the licensing process for online driver's pre-licensing course providers.
How Much Do Online Pre-Licensing Course Provider Bonds Cost?
New York online driver’s pre-licensing course provider bonds cost a small percentage of the $100,000 coverage amount.
Exact rates vary based on personal credit score, but are typically $1,000–$10,000. Apply for your free quote now!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Do I Get My Bond?
SuretyBonds.com provides the fastest and easiest way to get a New York online driver’s pre-licensing course provider bond. Just follow these quick steps:
- Apply: Submit an online quote request form
- Quote: Receive your quote within one day
- Sign: Complete the indemnity agreement
- Buy: Purchase the bond online 24/7
We’ll mail you the bond via your preferred shipping method. Be sure to file it with the DMV as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a New York Online Driver’s Pre-Licensing Course Bond Work?
An online driver’s pre-licensing course provider bond creates a legal contract between these three parties:
- Principal: You, the online driver's pre-licensing course provider filing the bond
- Obligee: The New York State Department of Motor Vehicles requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding the provisions of Vehicle and Traffic Law Article 12-D and 15 NYCRR Part 10.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually. To renew your online pre-licensing course provider bond, simply pay your renewal invoice when prompted.
We’ll begin contacting you by phone and email 90 days before the expiration date.