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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…

Bond amount$2,500
State or jurisdictionMaine
ObligeeState of Maine

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.

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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 depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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