Hawaii Post-Secondary Education Authorization Policy
Surety Bond Requirement for Accreditation Candidates in Higher Ed
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Description
Degree-seeking institutions applying for initial authorization in Hawaii must obtain a $50,000 surety bond via a licensed surety company. The requirement safeguards student tuition in the event of institutional failure.
Contract Details
Contract Amount
$50,000
Vendor
SURETY COMPANY AUTHORIZED TO DO BUSINESS IN THE STATE
Agency
Hawaii Insurance Division|Continuing Education Advisory Committee, HI
Contract Type
INSURANCE
Document Date
February 26, 2026
Contract Term
concurrent with provisional authorization period and any period of reauthorization, unless terminated or canceled
Renewal Info
Bond coverage must persist throughout the provisional authorization period; loss of bond triggers automatic suspension. Authorization is revoked if not reinstated within 60 days.
More from SURETY COMPANY AUTHORIZED TO DO BUSINESS IN THE STATE
Related Contracts
Issuing Agency
Hawaii Insurance Division|Continuing Education Advisory Committee
State
Honolulu, HI
More from Hawaii Insurance Division|Continuing Education Advisory Committee
Hawaii Post-Secondary Education Authorization Policy
Hawaii Post-Secondary Education Authorization Policy
continuing_education_advisory_committee_meeting_mi.pdf
continuing_education_advisory_committee_meeting_mi.pdf
continuing_education_advisory_committee_meeting_mi.pdf
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