Health Spa Surety Bond
Any person, corporation, partnership, association, or group intending to open or operate a health spa in Kentucky that charges initiation fees or accepts payments for services more than 31 days in advance. Required when: Prior to the sale of any memberships in the Commonwealth of Kentucky. Exemptions: A health spa is …
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 bond amount is based on the number of unexpired contracts: $10,000 for 150…. Other available requirements: "The bond amount is based on the number of unexpired contracts: $10,000 for 150 or fewer contracts; $25,000 for 151 to 300 contracts; and $50,000 for 301 or more contracts.". Exact options still depend on the obligee, state, and underwriting.
