FOR ALL YOUR SURETY BOND NEEDS.
These surety bonds are general for all states.
Learn more about immigration consultant bonds, and apply today. Single Source Insurance offers surety bonds nationwide through a convenient online application system.
In today�s political environment, immigration is a subject of concern to many, and immigration consulting is a growing career field. Immigration consultant bonds are a type of license and permit bond that applicants for licensure as an immigration consultant must obtain.
Such bonds guarantee that immigration consultants operate in a lawful manner, which requires a certain level of knowledge about immigration law, procedures, and practices. They protect the state and the public from harm stemming from the unethical or illegal acts of immigration consultants. An added benefit to clients is that it gives them confidence that they can trust their consultant.
Every state requires immigration consultants to purchase and maintain a surety bond as a condition of licensing, though the specific rules from state to state. So, regardless of where you plan to practice, you can rest assured that you�ll need to obtain an immigration consultant bond.
All surety bond contracts involve three parties: the obligee, the principal, and the surety. Immigration consultant bonds are no different. In this case, the obligee is the state agency that requires the purchase of a bond, the principal is the party that must purchase a bond, and the surety is the firm that underwrites and issues the bond.
If the immigration consultant harms a customer, deliberately or negligently, the customer has the right to file a claim against the bond. A claim might be predicated on such acts as falsifying documents or making material misrepresentations that result in harm to a customer.
The surety will investigate all claims to determine their validity and will pay valid claims up to the full penal amount of the bond. The principal is then obligated to reimburse the surety for payments made to claimants.
The biggest factor in determining the cost of the bond is the required bond amount. This amount differs widely by state, from as low as $5,000 to as much as $100,000. You will only pay a percentage of this amount as the premium rate, which is based largely on your credit score. An applicant with solid credit will usually pay between 1-3% of the bond amount as the premium.
Request a convenient online quote today, or speak with one of our experienced professionals about your immigration consultant bond needs.
