What Changed for Schools in Hawaii?
A new bill was enacted in June of 2017 that now requires a surety bond for certain schools in Hawaii.
More specifically, the bill labeled HB 1079 establishes requirements for post-secondary degree-granting educational institutions that have applied for accreditation. The institution must post a $50,000 surety bond conditioned on the institution satisfying all claims from all of its students or enrollees or their parents or legal guardians who have suffered a loss of tuition or fees as a result of the institution violating the applicable law.
Why Choose JW Surety Bonds?
Our company is the nation’s largest volume bond producer, and offers the lowest rates in the industry. It’s also important to understand that you’re responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.
Get a Free Quote Instantly Online
If you’re ready to get a surety bond for this new requirement, you can simply apply online.