Seller of Travel Bonds (also known as Travel Agency Bonds or Tour Guide Bond) are required by travel agents, tourism professionals and other parties involved in facilitating travel arrangements for consumers. The surety bonds guarantee that proceeds collected from customers are appropriately transferred to counter parties. Seller of Travel Bonds provide protection to consumers in the event of financial failure, fraud, misrepresentation, or contractual breach by the agent. The bond is required as a condition of licensure for sellers of travel.
If you are looking for a type of surety bond required by the Airlines Reporting Corporation (ARC) for travel agencies who access the ARC system for the distribution of airline tickets, you need a different surety bond called an Airline Reporting Corporation (ARC) Bond.
