INSURANCEONGOING

Hawaii Post-Secondary Education Authorization Policy

Hawaii Mandates Surety Bonds for Certain Authorized Colleges

$50,000 or greater, depending on maximum prepaid, unearned tuition and feesHawaii Insurance Division|Continuing Education Advisory CommitteeSURETY COMPANY AUTHORIZED TO DO BUSINESS IN THE STATEFebruary 26, 2026

Trusted by teams at

Description

Hawaii requires private colleges or universities lacking specific financial benchmarks to obtain a surety bond from a state-authorized surety company. The bond protects prepaid tuition and fees for students in the event of the institution's closure and is a prerequisite for operational authorization.

Contract Details

Contract Amount

$50,000 or greater, depending on maximum prepaid, unearned tuition and fees

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 the authorization period and any period of reauthorization; renewed annually based on updated calculation

Renewal Info

Bond must be recalculated and proof of coverage provided annually no later than January 1. Authorization is suspended if the bond lapses, and coverage must be reinstated to maintain compliance.

More from SURETY COMPANY AUTHORIZED TO DO BUSINESS IN THE STATE