Ohio School Registration Bond

Ohio School Registration Bond

Individuals, corporations, or any other institutions wishing to operate as a career college or school in the state of Ohio (or an out-of-state school that solicits Ohio residents as students) must obtain a certificate of registration through the Ohio State Board of Career Colleges and Schools (SBCCS). In addition, a custom Career Colleges and Schools Certificate of Registration Bond, otherwise known as the School Registration Bond, is to be held by the school.

Jet Insurance Company provides the Ohio School Registration Bond as an assurance to the Board that the school or career college will abide by all state laws pursuant to their certificate of registration. The surety bond also ensures that damaged students and their parent(s) or guardian(s) will receive restitution for any losses of prepaid tuition that were caused by registration violations or failures of the education institution.

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If you are a new school or simply applying for the renewal of your registration, the Jet team can help you acquire the necessary bond quickly and at an affordable rate!

What Is the Bond Limit and Cost for the Ohio School Registration Bond?

The Ohio State Board of Career Colleges and Schools determines the bond limit based on the school’s overall tuition revenue and whether or not the institution meets the Board’s standards of fiscal responsibility. The minimum bond limit required is $10,000. 

At Jet, the cost of the School Registration Bond will be based on a small percentage of the custom limit and the personal credit score of the applicant. Our prices for the $10,000 limit start at $100 annually or $10 monthly. Refer to the price chart for additional multi-year bond terms at preferred tier prices.

Bond TermCost
Monthly$10
1 Year$100
2 Years$175
3 Years$250
Ohio School Registration Bond Rates

Our monthly payment offer is exclusive to Jet, and a great option for schools looking to keep their certificate of registration with the Board for the long haul. Just set up your preferred payment account and keep your bond active for as long as you need!

Who Is Exempt From the School Registration Bond in Ohio?

According to Section 3332-1-03 of the Ohio Revised Code, the State Board of Career Colleges and Schools does allow exemptions from the certificate of registration requirement. Those who qualify are exempt from acquiring the School Registration Bond as well. A list of exempt career colleges or schools can be found below:

*It is important to note that requests made to the Board to no longer carry the School Registration Bond may only be made by career colleges or schools that fall within the minimum $10,000 bond limit standard, and that have demonstrated fiscal responsibility during the previous five years of certification.

Why Is the School Certificate of Registration Bond Required?

The Ohio State Board of Career Colleges and Schools was created to ensure that the development and operation of educational institutions in Ohio are up to State standards. This is done with the help of the School Registration Bond, which is required by the Ohio State Board of Career Colleges and Schools to be granted a certificate of registration. The surety bond shows that the school is held responsible to comply with all certification regulations. Jet (the surety company) provides reassurance to the SBCCS by guaranteeing payment is available to students and their parent(s) or guardian(s) who face financial losses due to violations committed by the school.

How to Apply for the Ohio School Registration Bond With Jet

Our application for the School Registration Bond only takes a few minutes. Jet’s online application will ask for some general information such as the required bond limit, contact information, and your social security number (for the soft check).

You may be automatically approved for a rate once the application is submitted, but sometimes (like when the bond limit is over $10,000) Jet needs to conduct a quick review before you receive a quote. Once approved, rates for monthly, annual, or multi-year options will be sent to you right away for which you can immediately purchase. Just fulfill payment and you will be emailed your receipt and a copy of the bond.

How Is the School Registration Bond Filed With the Ohio State Board?

The Ohio State Board of Career Colleges and Schools allows the signed copy of your School Registration Bond to be filed digitally through their SBCCS Authorization Management System. This can be done with your new school or renewal registration paperwork. 

Jet will send you a copy of your bond via email immediately after purchase. If you have any questions or need further information, please refer to the Board’s mailing address and contact information below.

Ohio State Board of Career Colleges and Schools
30 East Broad Street, Suite 2481
Columbus, OH 43215-3414
614-466-2752
[email protected]

Can I Cancel My School Registration Bond and Get a Refund?

Yes, you may cancel your School Registration Bond with Jet at any time! Simply send us a cancellation request to [email protected] and we will begin the process. Jet will then send a bond termination notice to the Ohio State Board of Career Colleges and Schools. Once received, your liability under the bond will be released within a 60-day period. Claims can still be filed during those 60 days.

Regarding refunds, monthly payment bondholders will continue to be charged during the 60-day liability period. Payments will cease as soon as this timeline expires. If you choose an annual or multi-year payment option, Jet will review the bond to see if there is any premium available for reimbursement once the official cancellation date has been met.

How to Renew the Ohio School Certificate of Registration Bond

If you choose our monthly payment option, there is no need for a renewal of your School Registration Bond as payments will continue to come out of your preferred account until the bond is officially cancelled.

Jet will send a renewal invoice before the bond term’s expiration date for those that choose either our annual or multi-year payment option. We do not require any extra paperwork, payment is all that is needed.

If there is a change in the bond limit, just let us know and we will adjust the bond form and payment amount as needed to ensure you have adequate coverage to keep your certificate of registration active.

How Does an Ohio Career College or School Avoid Bond Claims?

Ohio career colleges and schools are expected to follow state laws under the Ohio Revised Code Chapter 3332-1 as well as the conditions set in their certificate of registration with the State Board of Career Colleges and Schools. Failure to do so may result in the suspension or permanent revocation of the school’s certificate of registration, civil penalties, and/or a bond claim.

Bonds typically arise if a student suffers a loss of prepaid tuition or fees due to the school failing to offer or complete the instruction of a program, any academic services, or other goods and services related to course enrollment. This could occur because of school closure, program termination, or the school losing their certificate of registration from the Board.

Any person financially affected by the school’s violations that cannot be resolved with the school firsthand may file an official complaint with the SBCCS. All complaints are reviewed and investigated by the Board. If the complaint is justified, the Board will reimburse the student for their losses through the Student Tuition Recovery Fund and proceed to file a claim on the school's bond to cover the payout made on their behalf.

It is in the best interest of the Ohio career college or school to initially refund all prepaid tuition and fees to financially harmed students to avoid a loss of certification and a costly bond claim.

What Happens if I Get a School Registration Bond Claim?

Immediately contact Jet upon receipt of a claim notice on your Ohio School Registration Bond. Once contacted, a Jet team member will brief you on how our bond claim process works and proceed with a full review and investigation of all available claim information.

Should the claim be justified, Jet is legally obligated to make payment up to the bond limit per the Career Colleges and Schools Certificate of Registration Bond form. The owner of the career college or school is ultimately responsible for their actions and must reimburse Jet for the claim paid on their behalf. Failing or refusing to comply may result in difficulties obtaining future surety bonds in the State of Ohio in addition to the certificate of registration through the SBCCS.

Ohio School Registration 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: