If you are engaged as a proprietary school solicitor operating in Louisiana, you are required under the Louisiana Revised Statutes section 17:3141.9 et. seq. to file an Louisiana Proprietary School Solicitor Permit Blanket Bond as a condition of licensure.
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 Louisiana Proprietary School Solicitor Permit Blanket Bond holds you accountable for your business decisions.
By possessing a Louisiana Proprietary School Solicitor Permit Blanket Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.