Virginia Passenger Carrier & Passenger Broker Surety Bond

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Bond Penalty: $25,000

In the Commonwealth of Virginia, individuals and firms that seek to engage in brokering travel must be licensed by the Department of Motor Vehicles (VA DMV). Among the qualification requirements is the filing of a Virginia Passenger Carrier and Passenger Broker Bond. The purpose of the surety bond is to indemnify any person who may be damaged by fraud, fraudulent representation, or loss that is the result of a breach of contract or violation by the broker or its representative(s).

Pursuant to Chapter 20, Title 46.2 of the Code of Virginia in the amount of twenty-five thousand dollars ($25,000) (V.A.C.), the passenger carrier and broker bond must be written in the amount of twenty-five thousand dollars ($25,000) and issued by a surety company licensed to engage in suretyship in the Commonwealth. The surety bond does not automatically expire with the license but rather continues from certificate term to certificate term for a period of three consecutive years from the effective date, or from license term to license term until cancelled by surety. The bond form DOES permit third party claims, i.e., "a persona may make a claim against the licensee's bond and may recover from such surety bond in the amount awarded to such person by final judgment of a court of competent jurisdiction against the licensee up to but not exceeding the the penal sum of the bond.

Documents and inquiries may be directed to:

Virginia Department of Motor Vehicles
P.O. Box 27412
Richmond, VA 23269

Virginia surety bond specialist, Surety One, Inc. is an experienced underwriter of motor vehicle, freight and passenger trasnport industry surety bonds. We provide unmatched support of your bond requirements based on our knowledge of public and private transport regulators. We facilitate immediate quoting and same-day delivery of surety and fidelity bonds. Call us at (800) 373-2804, email or click here to chat with an underwriter real-time for more information about a Virginia Passenger Carrier and Passenger Broker Bond, a freight broker bond, or any other surety need.

Surety bond application review and quoting are free of charge. There is no obligation to purchase.

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