The application for an agent permit shall be accompanied by a surety bond acceptable to the Commission on Proprietary School and College Registration. Such bond may be continuous and shall be conditioned to provide indemnification to any student suffering loss as a result of any fraud or misrepresentation used in procuring his enrollment, and may be supplied by an agent of a school or by the school itself as a blanket bond covering each of its agents. The surety of any such bond may cancel the same upon giving thirty (30) days' notice in writing to the commission and is relieved of liability for any breach of condition occurring after the effective date of said cancellation. An application for renewal shall be accompanied by a surety bond, as provided in this section, if a continuous bond has not been furnished.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 60 - Proprietary Schools and Colleges
§ 75-60-5. Exemption of certain courses and institutions
§ 75-60-7. Disposition of receipts
§ 75-60-9. Certificate of registration required
§ 75-60-13. Issuance of certificate of registration under federal law in certain cases
§ 75-60-17. Surety bond or deposit for certificate of registration
§ 75-60-18. Tuition and fee refund policies
§ 75-60-21. Injunctive relief against unregistered activity
§ 75-60-23. Agent permit required
§ 75-60-25. Issuance of agent permit
§ 75-60-29. Surety bond for agent permit
§ 75-60-31. Good moral character prerequisite to issuance of agent permit
§ 75-60-33. Revocation of agent permit
§ 75-60-37. Agent permit not to constitute approval of any program of instruction
§ 75-60-41. When certificate and permit provisions shall take effect