Connecticut Automobile Club Association Bond

An Automobile Club Association Bond is a type of surety bond required for those who have applied for a license as an Automobile Club or Association under the provisions of Chapter 246 of the Connecticut General Statutes. The purpose of this surety bond is to guarantee that the licensed and bonded principal pays all judgments rendered against it in favor of any member or any person whose application for membership has been accepted for failure of the licensee to satisfy its contracts.