If you are engaged in the operation of a Discount Medical Program Organization in the State of Delaware, you are required by the State’s Division of Insurance to execute a Delaware Discount Medical Plan Organization Bond in the amount of $50,000 to ensure compliance with 7604(a) of the Delaware Insurance Code.
Bonds Express offers a Delaware Discount Medical Plan Organization Bond with a 99% approval rate.
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 Delaware Discount Medical Plan Organization Bond holds you accountable for your business decisions.
By possessing a Delaware Discount Medical Plan Organization Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.