The ARC Airline Reporting Commission Bond is designed to ensure that any money collected by travel agencies for tickets sold will be sent to the designated Airlines.
To be considered for ARC approval as an ARC agent, you need to execute the ARC Airline Reporting Commission Bond and meet the requirements set forth in Section 30 of the ARC Industry Agents’ Handbook.
This Airline Reporting Commission (ARC) Bond requires your business and personal financial statements, an indemnity agreement, a signed application, and your clean credit report before we can get you approved.
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 Airline Reporting Commission (ARC) Bond holds you accountable for your business decisions.
By possessing a Airline Reporting Commission (ARC) Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.