Bond Amount

[Carboholic]

How is the bond amount determined for an ARC Bond?

[marietta68]

Originally Posted by Carboholic

How is the bond amount determined for an ARC Bond?

See the ARC web site:
ARC Financial Guarantee Program - ARC

[aarathi]

When a bond is posted, it may paid in cash or property. A property bond must be twice as large as the bond amount (for example, a person charged with a crime in which the bond is $136 is required to post a $272 property bond), and the bond must be approved by Liberty County Sheriff J. Don Martin or his designee.

[marietta68]

This particular thread is about the ARC - Airlines Reporting Corporation - bond required of travel agents.

Property is not accepted as collateral for this bond. A single letter of credit, or a single surety bond, in the full amount required, are the only acceptable instruments.

This isn't a bail bond product.

[Surety Queen]

Originally Posted by marietta68

This particular thread is about the ARC - Airlines Reporting Corporation - bond required of travel agents.

Property is not accepted as collateral for this bond. A single letter of credit, or a single surety bond, in the full amount required, are the only acceptable instruments.

This isn't a bail bond product.

Marietta68 is absolutely correct. Airlines Reporting Corporation determines the amount of bond needed for each agency. To learn more about the ARC bond, please visit the following link.

ARC Bonds - Surety Bond Types