Ohio school fiscal officer bonds.
$500 flat.

Ohio conditions a community school fiscal officer on a faithful-performance bond before they handle the school’s public money. This filing is set at $50,000 — ours is $500 flat, set by our carrier’s rate book. One soft credit pull that never affects your score; the bond is issued when you pay.

✓

Required of a community (charter) school fiscal officer under ORC 3314.011

✓

Fixed amount, fixed price — $50,000 bond, $500, no quote theater

✓

Soft credit pull only — never affects your score, and the price stays $500 either way

A-ratedA.M. Best carriersInstantissued the moment you pay1–3 yrterms available

Trusted by industry leaders

How it works

Three steps to filed.

Your fiscal-officer role is waiting on this bond. Here's the entire process — no broker phone tag:

TODAY · ONLINE

Apply once, online

School and officer details, effective date. That is the application — the only extra step is a one-time consent to a soft credit pull.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The credit check is a soft pull that never affects your score. If it needs a second look, one to two business days at most.

WHEN YOU PAY

E-sign & file

Pay online and receive the executed bond, ready to deposit with the school’s governing authority and certify a copy to the county auditor. Wet-ink originals mailed whenever required.

About this bond

What it is and who needs it.

What the bond actually guarantees

Every Ohio community school (the state’s term for a public charter school) has a designated fiscal officer who handles the school’s public funds. Under ORC 3314.011, before entering on duties the fiscal officer executes a bond payable to the state, conditioned on the faithful performance of all official duties.

The bond is a public-funds, faithful-performance guarantee. If the fiscal officer mishandles, misapplies, or fails to account for the school’s money, the state — and ultimately the public — can recover against the bond. A copy is certified to the county auditor of the county where the school is located.

The amount and surety are approved by the school’s governing authority by resolution. This page reflects a $50,000 filing; if your governing authority set a different amount, send it to us and we’ll issue exactly that. Either way, it is not insurance for the officer — if the surety pays, the officer repays the surety.

ORC 3314.011 / OAC 117-6-07 (Auditor of State)Ohio Revised Code 3314.011 requires a community school’s designated fiscal officer, before entering on duties, to execute a bond in an amount and with surety approved by the school’s governing authority, payable to the state and conditioned for the faithful performance of all official duties. The bond is deposited with the governing authority and a certified copy is filed with the county auditor. Auditor of State Bulletin and OAC 117-6-07 set the bonding requirements. This page reflects a $50,000 filing — confirm your amount.

You need this bond if you're

✓

A community school fiscal officer starting in the role and required to bond before serving

✓

Renewing your bond to stay in continuous compliance with ORC 3314.011

✓

A treasurer or finance contractor designated to handle a community school’s funds

✓

A sponsor or school board arranging the fiscal officer’s bond by resolution

One application, issued instantly.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.

Start the application →

FAQ

Common questions.

Do I pay the $50,000?No. You pay $500 flat. The $50,000 is the surety's maximum liability if the fiscal officer fails to faithfully perform; it's not a deposit, and nobody holds your money.

Who requires this bond?ORC 3314.011 requires a community school’s fiscal officer to execute a faithful-performance bond, in an amount and with surety approved by the school’s governing authority, before entering on duties. The Auditor of State sets the bonding rules (OAC 117-6-07).

Is the amount always $50,000?Not necessarily — the governing authority sets the amount by resolution. This page reflects a $50,000 filing, which is common. If your authority set a different figure, send it to us and we’ll confirm the exact price for that amount.

Is there a credit check?Yes — one soft credit pull, which never affects your score. It informs approval, not price. The rate stays $500 flat either way: credit can affect whether we approve the bond, never what it costs.

Where does the bond get filed?It is deposited with the school’s governing authority, and a certified copy is filed with the county auditor of the county where the school is located. We issue the executed bond ready to file.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

Related bonds

Other Ohio bonds.

Get your fiscal officer bond filed.

$500 flat, short application, bond issued when you pay. Free until issued.

Start application

Your price$500

Apply now →