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Illinois bond training 2026

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The document outlines the surety bond schedule for licensed driver training schools in Illinois, effective from January 1, 2011. It specifies bond amounts required for non-accredited and accredited schools, including different rates based on the type of training (adult, motorcycle, teen, CDL) and the number of branches. Additionally, it notes that bond amounts may need adjustment for changes in licensed locations.

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Click ‘Get Form’ to open the Illinois Bond Training document in the editor.
Begin by reviewing the Surety Bond Schedule. Identify whether you are a non-accredited or accredited licensed driver training school, as this will determine the bond amount required.
Fill in the bonding company agent's name in the designated field. Ensure that all information is accurate to avoid processing delays.
Next, enter the address of the bonding company agent. This should include street address, city, state, and zip code for complete accuracy.
Finally, provide a telephone number where the bonding company can be reached. This is crucial for any follow-up communications regarding your bond.

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How to become bonded in Illinois?

The first step to getting an Illinois surety bond is to apply for your bond. Not everyone can get approved for a bond, so this is the first step to getting bonded. Most companies all you to apply for your bond online. You can apply for a bond at your local insurance agency, or a specialized surety bond company.

How much does it cost to be bonded in Illinois?

An Illinois surety bond costs between $250 and $15,000, based on the bond type required. Mortgage brokers working in Illinois need a bond up to $15,000 while the bond requirement for auto dealers is $50,000, for example.

What makes you eligible to be bonded?

That being said, having a clean criminal record can greatly improve your eligibility for being bonded. Additional characteristics that may be helpful are: A good credit record. An extensive work history.

How much does a $5000 surety bond cost?

For applicants with good credit, surety bonds usually cost between 1% and 5% of their value. Therefore, for a surety bond of $5,000, an applicant with a strong credit history can expect to pay between $50 and $250.

What are the bond requirements in Illinois?

Appraisal management company Illinois bond - companies that carry out appraisals on real estate are required to post a $25,000 bond. The bond ensures that appraisal companies adhere to the rules and regulations that are set for valuing pieces of real estate.

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Illinois bond training online Illinois bond training pdf Illinois bond training free Illinois bond training near me CDL classes in Illinois CDL instructor certification Illinois Illinois certificate of insurance

What is the bond for insurance in Illinois?

Illinois insurance producer bonds are required by the Illinois Department of Insurance in an amount of $2,500 or 5% of the total premiums brokered in the past year, whichever is greater. The required bond amount is not to exceed $50,000.

What is Illinois bond rating?

List of general obligation bond rankings StateSP GlobalFitch Ratings Date Hawaii AA+ September 17, 2021 Idaho AA+ November 4, 2021 Illinois A- November 7, 202348 more rows

What is the surety bond requirement in Illinois?

Your Illinois Notary Surety Bond A $5,000 bond is required for Notaries who wish to only perform notarial acts for signers that are physically in your presence. A $30,000 bond is required if you plan to perform notarial acts for remotely located signers.