Arizona Cosmetology School Bond

Arizona Cosmetology School Bond

Any school In Arizona teaching cosmetology, or any other form of cosmetic art, is required to be licensed with the Arizona State Board of Cosmetology. The Board requires these schools to secure the $10,000 Cosmetology School Bond as part of the licensing requirements. This license bond from Jet Insurance Company ensures financial responsibility to the Board should students be negatively affected by the cosmetic art school.

QUOTE

If you are an institution seeking to renew or apply for a cosmetic art school license, you acquire the necessary Cosmetology School Bond from Jet at an affordable rate.

What Is the Cost for the Cosmetology School Bond?

With Jet the price for the Cosmetology School Bond starts at $100 annually or $10 a month. The rate is dependent on the credit report of the school owner and may vary from the preferred rates below.

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
Arizona Cosmetology School Bond Cost

Most Surety organizations work with surety agents or brokers that attach additional charges and commission fees to the bond rate. Jet removes the middleman and ensures a low annual price with no hidden expenses and a choice of a month to month payment plan that keeps your bond active as long as you require it.

How Does the Bond Get Filed to the Arizona State Board of Cosmetology?

Jet deals with the bond filing process so you don’t have to! A signed and sealed bond will be sent by Jet to the Board for you. Additionally, Jet will send you a copy for your own personal records. 

The Cosmetology School Bond must remain on record for the duration of the cosmetic art schools’ operations.

If you need to apply for a new license, you must send in the new school application. If you choose to send in the original bond form with that application, just Jet know at checkout and we will send the original to you. All paperwork must be sent to the Board at the accompanying location: 

Arizona State Board of Cosmetology
1740 W Adams #4400
Phoenix, AZ 85007

What Is the Purpose of the Cosmetology School Bond?

The Arizona State Board of Cosmetology was created to guarantee the education and security of those in the cosmetic arts industry. In order to facilitate this, the Board legally requires all Arizona schools cosmetology and other beauty trades to hold a valid license and to be financially responsible for the education of their students. The Cosmetology School Bond ensures repayment to students, their parent(s) or guardian(s), or loan agencies of whom were financially damaged by the school if the prepaid education was not provided and a refund not made. 

The Board uses surety companies as a financial tool to maintain a trouble-free process that would otherwise cost the Board hassle and cause the public losses.

How Does the Application Process Work With Jet?

Jet takes pride in simplifying the application process as much as possible. Our online application for the Cosmetology School Bond requests basic information along with the cosmetic school owner’s social security number. A soft credit check is conducted to accurately issue an approved bond rate, but fear not, as this does not affect your credit score and takes seconds. Upon completion of the payment, Jet sends the original bond form to be filed with the Board, and a copy for your own personal records.

How Does a School Avoid a Claim on the Cosmetology School Bond?

All Arizona schools in the field of cosmetic arts are required to abide by all Arizona licensing laws pursuant to Arizona Revised Statutes, Title 32, Chapter 5. Inability to do so may result in fines from the Board, civil action, repudiation or suspension of the current license, and a possible bond claim.

In regards to an action against the bond, a claim may occur if a paying student has not received the academic instruction or services related to course enrollment as promised by the school. This could result if a cosmetic art school suddenly ceases operations due to financial hardship or refusing to refund a student. If the school declines to recompense funds to students who have paid, the student may decide to take action to recover their prepaid funds.

If the claim is legitimized by the Board, recovery from the school will be demanded. It is in the institution’s best self interest to refund any prepaid tuition when prompted immediately to prevent a bond claim.

What Happens If I Get a Claim on the Cosmetology School Bond?

Promptly contact Jet after getting confirmation from the court of the bond claim and provide any relevant information regarding the case. Jet will conduct its own investigation of the claim details. Jet's goal is to uphold our legislative surety duty and protect our bond holders from faulty claims.

If the claim is determined to be valid, Jet will pay up to the full bond limit of $10,000 to the person(s) who have been financially affected. The proprietor of the cosmetic arts school is still held liable for their actions and must repay Jet for the paid out claim. Inability to do so will result in challenges in securing a Cosmetology School Bond which is necessary for licensure.

Does the Arizona Cosmetology School Bond Expire?

With Jet, you don’t have to worry about your bond expiring. If you participate in our  monthly payment plan, there is no requirement for a bond renewal, so the bond will stay active as long as payments are made.

For annual payments, Jet sends a renewal invoice preceding the bond's expiration to give you sufficient time to renew. Payment is all that is required. We don't require additional paperwork.

Can the Cosmetology School Bond Be Cancelled?

With Jet, you can request to cancel the bond in writing at any time! The bond remains uninterrupted until cancellation is requested by Jet. The Arizona State Board of Cosmetology  has a 30-day cancellation provision wherein the bond remains active for 30 days following their receipt of the cancellation notice from Jet.

In the event that the monthly payment option is selected, Jet can cancel the bond, but is still required to charge for that 30-day period considering the bond is still active during that time. For customers on annual terms Jet will check for any remaining unearned premium left on the bond to be reimbursed to the cosmetic art school.

Arizona Cosmetology School Bond Form

Notary Bond Application:

X

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

X

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

X

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: