Who is required to have a Texas Driving School Surety Bond?
Anyone operating as a driving school in the State of Texas is required to post a Driving School Surety Bond. This bond is filed with the Texas Department of Licensing and Regulation (TDLR) as part of the driving school’s licensing requirements.
What is the purpose of a Texas Driving School Surety Bond?
The purpose of this bond is to guarantee that the principal (driving school operator) complies with all regulations in Chapter 1001 of the Texas Education Code governing the operation of driving schools and ensures that the principal provides reimbursement to students for instruction and/or services not supplied. If a harmed party files a valid claim against the bond, the surety will pay out up to the penal sum of the bond to resolve the claim. The principal is then required to reimburse the surety for all monies paid out, including any attorney fees incurred.
What amount will i need on my bond?
The amount for a Texas Driving School Surety Bond varies and is based on the type of training provided:
Driver Education School
- $10,000 Bond Primary Location
- $5,000 Bond Branch Location
Course Provider
- $10,000 Bond
Driving Safety School
- Bond not required
What is the fine print on the bond?
This Texas Driving School Surety Bond has a continuous term and remains in full force and effect until canceled. A continuation agreement is required with each license renewal application filed. The surety can terminate the bond at any time by giving a 30 day written notice via registered mail to the TDLR.
How much will my bond cost?
Pacific Surety is proud to offer a variety of approvals regardless of credit, with rates as low at $100 annually for well qualified applicants. The process typically takes just a few hours for a quote, and we have the ability to beat any competitors pricing. If you have any specific questions, feel free to contact our knowledgeable underwriting staff.