Bond with corporate surety
Any health club that enters into contracts for health club services for a period of more than three months or collects more than three months of payment in advance, unless they meet specific exemption criteria. Required when: Entering into a health club contract for health club services. Exemptions: A health club is e…
Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.
Amounts can vary
Selected requirement: "The amount is determined by the duration of the health club contracts: $50,000…. Other available requirements: "The amount is determined by the duration of the health club contracts: $50,000 for contracts up to 12 months; $100,000 for contracts between 12 and 24 months; and $200,000 for contracts exceeding 24 months. Reduced amounts are available f…. Exact options still depend on the obligee, state, and underwriting.
