Florida Class E Third Party Knowledge Exam Administrator Performance Bond (Florida Third Party Driver License Knowledge Examination Service Bond)

• TPA Class E Services Surety Bonds are individually underwritten so the cost can vary and is dependent on the personal credit of the applicant as well as personal financials and business financials. Customers with good credit scores (generally 680 or higher) and overall good financials could qualify for a rate as low as 1% of the bond amount. Of course, we will always provide you with the lowest rates available on the market. And can typically handle all credit types and financial situations — from excellent to poor — as such those terms vary.
• For example, a $200,000 bond could cost as low as $2,000 for applicants with good credit scores and financials.

TPA Class E Services Bonds are in place to ensure the Principal (TPA) follows all of the rules and regulations of Florida Statutes, Chapter 322, the Florida Administrative Code, Rule 15A-1, as well as all applicable provisions of the Class E Knowledge Exam Contract. These provisions include the safekeeping of exam question bank and applicant data, and the proper administration of online and proctored exams.

The Florida Department of Highway Safety and Motor Vehicles (DHSMV) regulates and administers licensing for TPA Class E Services. Florida Statutes, Section 322.56 provides authority for the Department to contract with third party entities to administer Class E Knowledge Exams. Section 322.56 also provides the DHSMV the authority to adopt rules necessary to implement the law. The Obligee on the bond is the Florida Department of Highway Safety and Motor Vehicles.

TPA Knowledge Exam Surety Bonds run in full force from the effective date for a definite period as defined in the Class E Knowledge Exam Contract. Currently, the contracted period is for (3) three years, therefore the bond will need to be in place for (3) three years unless the contract is suspended, terminated, or canceled. The surety bond is an annually renewable bond and is billed for and renewed on an annual basis. The bond then would need to be renewed for two additional terms to follow the total three (3) year term of the contract.

Contact The ProSure Group. As surety bond experts in business for over 23 years, The ProSure Group has issued numerous bonds of this type and has partnerships with more than 30 different surety companies. This ensures that we get you the best, most competitive pricing and terms available in the marketplace. You just need to complete our simple application and one of our specialists will quickly contact you.

What you will need to submit to obtain a license:

• Completed Application to Conduct TPA Class E Services (Form HSMV 77067)
• $200,000 Performance Bond for each — driving skills and written knowledge test administrators
• Class E Knowledge Exam Contract
• Business Model Summary
• Fingerprints for background check
• Corporate certification
• Certificate of Commercial General Liability Insurance
• Workers’ Compensation Insurance
• Hold Harmless Clause on company letterhead
• And more.