Tennessee IEA program bonds.
From $100.
Tennessee's Individualized Education Account (IEA) program funds approved education expenses for students with qualifying disabilities. Participating schools can satisfy the Department of Education's financial-security requirement with a surety bond. The premium is 1% of the bond amount, $100 minimum.
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How much does a Tennessee IEA program bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Apply to filed in a day or two.
Participation bonds are straightforward once the department sets your amount. Here's the whole process:
Apply online
Your school details, the bond amount the department set, and the effective date — plus a one-time consent to a soft credit pull. That is the application.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
E-sign & file with the department
Pay online and receive the executed bond, ready to file with the Tennessee Department of Education to complete your IEA participation. Wet-ink originals mailed on request.
What it is and who needs it.
What the IEA program bond actually covers
The Individualized Education Account (IEA) program (TCA Title 49, Chapter 10, Part 14) lets parents of eligible K–12 students with qualifying disabilities use state funds for approved education expenses. Schools and providers that want to receive IEA funds must meet the Department of Education's financial and operational requirements.
A surety bond payable to the state is one accepted way to demonstrate financial responsibility. The amount is set by the department based on the scope of services and projected IEA payments a participating school expects to receive.
The bond backs the state and participating families: if a provider misuses IEA funds or violates the program's terms, a claim can be made to recover the loss — and if the surety pays, the provider repays the surety. Enter the amount the department set and see your price, starting from $100.
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
The bond runs to July 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, July 31, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
E-sign & file with the department. Pay online and receive the executed bond, ready to file with the Tennessee Department of Education to complete your IEA participation. Wet-ink originals mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then a quick review.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Tennessee bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Complete your IEA participation today.
Premiums from $100. Enter the amount the department set and file in a day or two.