Surety Bond for Class B Driver Education School ($2,500)
This bond is required for businesses in Maine that operate Class B driver education schools, which teach people how to drive commercial vehicles like buses and trucks. The State of Maine requires this $2,500 bond to protect students and the public. If the school violates state regulations, fails to provide promised se…
Overview
What it is.
This bond is required for businesses in Maine that operate Class B driver education schools, which teach people how to drive commercial vehicles like buses and trucks. The State of Maine requires this $2,500 bond to protect students and the public. If the school violates state regulations, fails to provide promised se…
Who usually needs it
Holders of a Class B driver education school license in Maine must obtain this bond. A Class B driver education school provides only behind-the-wheel instruction to individuals with a learner's permit, driver's license, or temporary driver's license, and employs Class A and Class B driver education instructors for that purpose.
Pricing & timing
What to expect.
Generic pricing
License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Same-day approval is typical for many common license bonds. Some license bonds may price higher de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateMEBond amount$2,500ObligeeState of MaineBond classLicense BondCategoryOtherBondSurety Bond for Class B Driver Education School ($2,500)Plain descriptionThis bond is required for businesses in Maine that operate Class B driver education schools, which teach people how to drive commercial vehicles like buses and trucks. The State of Maine requires this $2,500 bond to pro…Who needs this bondHolders of a Class B driver education school license in Maine must obtain this bond. A Class B driver education school provides only behind-the-wheel instruction to individuals with a learner's permit, driver's license,…
