Passenger Carrier and Passenger Broker Bond - Virginia | SuretyBonds.com (Updated April 2017)

The Virginia Department of Motor Vehicles requires passenger carriers and passenger brokers to post a $25,000 surety bond prior to conducting business.

SuretyBonds.com issues Virginia Passenger Carrier and Passenger Broker bonds instantly with no underwriting required for just $250! Simply click Buy Now below to visit our secure bond checkout to purchase your bond online today. It only takes a few minutes to be on your way becoming bonded as a Passenger Carrier or Passenger Broker in Virginia.

Bond Type	Bond Amount	Cost
$25,000 Passenger Carrier and Passenger Broker Bond	$25,000	$250

Why do I need this bond?

By posting Virginia passenger carrier and passenger broker surety bonds, principals (carriers and brokers) pledge to comply with the provisions of Chapter 20 of Title 46.2 of the Code of Virginia. Specifically, these bonds protect any person who suffers financial loss as a result of a principal’s violations of these terms, acts of fraud or unlawful behavior while on the job.

What’s the fine print?

Passenger carrier and broker bonds in Virginia remain in full force until canceled and does not automatically expire with the principal’s license. It remains continuous for a period of three years from the effective date listed on the bond. The surety can cancel this bond at any time by giving written notice of cancellation to the Commissioner of the Department of Motor Vehicles. Cancellation becomes effective 60 days after the commissioner receives the notice.

How to become a passenger carrier in Virginia

To become licensed as a transportation of passengers broker in Virginia, applicants must adhere to the following requirements:

Obtain $25,000 surety bond
Pay $50 filing fee
Pay $3 for duplicate license, if applicable
Report new addresses to DMV’s Motor Carrier Services within 30 days
Notify DMV in writing within 30 days if applicant goes out of business or stops providing authorized service

To become licensed as a passenger carrier in Virginia, applicants must complete the following:

Meet bodily and property damage insurance requirements
Obtain $25,000 surety bond
Meet registration and license plate requirements
Pay $50 filing fee
Pay $3 Operating Authority Registration fee per vehicle
Pay $3 for a duplicate license, if applicable
Report new addresses to DMV’s Motor Carrier Services within 30 days
Notify DMV in writing within 30 days if applicant goes out of business or stops providing authorized service