In the State of Arizona, you are required by the Arizona Motor Vehicle Division to execute an Arizona Registration Service Bond to ensure compliance with the Arizona Revised Statutes Title 28, Chapter 13, Article a.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Arizona Registration Service Bond holds you accountable for your business decisions.
By possessing an Arizona Registration Service Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.