Montana postsecondary institution bonds.
Quote on review.
The student-protection bond a postsecondary school files with the Montana Board of Regents (Office of the Commissioner of Higher Education) as a condition of state authorization. The common amount is $10,000. The application collects no credit information — enter the amount your authorization requires and we return your premium after a short review.
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How much does a Montana postsecondary institution bond cost?
It is underwritten: the premium is quoted from the bond amount and your financial picture, so there is no flat price to show.
Apply to filed, fast.
The application collects no credit information — enter your amount, get your quote, and file with the Commissioner’s office. Here is the whole thing:
Apply online
Your institution’s details, the bond amount your authorization required, and the effective date — that is the entire application. No credit section to fill out.
Quoted and issued
We price the premium against the amount you entered and issue the executed bond once you accept the quote and pay. Most institutions clear this quickly.
File with the Office of the Commissioner of Higher Education
Submit the executed bond with your Board of Regents authorization application. Wet-ink originals mailed whenever the office insists on them.
What it is and who needs it.
What the postsecondary bond actually covers
Any institution offering postsecondary degree programs in Montana must obtain prior authorization from the Board of Regents of Higher Education, administered by the Office of the Commissioner of Higher Education under Board of Regents Policy 221. The bond is a student-protection guarantee filed as part of that authorization.
The bond is generally required of schools that lack a federal financial-responsibility composite score of 1.0 or greater — the U.S. Department of Education measure of an institution’s financial health. A school that clears that threshold may not need to post a bond; the Commissioner’s office tells you whether yours does, and at what amount.
The standard figure on the Board of Regents form is $10,000, payable to the State for the benefit of students — it backs tuition and fees if the school fails to deliver the education it was authorized to provide. Enter the amount your authorization names; the application collects no credit information, and we return your premium after a short review.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
Term and renewal are set in the underwriter's quote.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
File with the Office of the Commissioner of Higher Education. Submit the executed bond with your Board of Regents authorization application. Wet-ink originals mailed whenever the office insists on them.
What sets the price
This bond is underwritten: the premium is quoted from the bond amount and your financial picture, so there is no flat price to show.
One application, quoted on review.
Submit the application with the bond amount your authorization required — no credit information to fill in — and we return your premium after a short review, ready to file with the Commissioner’s office.
Start the application →Common questions.
Other Montana bonds.
Requirements checked on the carrier’s application, . Page updated .
Postsecondary bond, quoted fast.
One short application. Enter the amount your authorization required and get your quote.