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Tennessee IEA program bonds.
From $100.

Tennessee's Individualized Education Account (IEA) program funds approved education expenses for students with qualifying disabilities. Participating schools can satisfy the Department of Education's financial-security requirement with a surety bond. The premium is 1% of the bond amount, $100 minimum.

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For schools participating in the IEA program under TCA 49-10-1401 et seq.
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Satisfies the Department of Education's financial-security requirement — a surety bond is one accepted form
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Soft credit pull only — never affects your score; price is 1% of the bond amount, $100 minimum
From $1001% of amount, $100 minPricedat 1% of the bond amount, $100 minimumSoft pullnever affects your score
Trusted by industry leaders
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JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
How it works

Apply to filed in a day or two.

Participation bonds are straightforward once the department sets your amount. Here's the whole process:

TODAY · ONLINE

Apply online

Your school details, the bond amount the department set, and the effective date — plus a one-time consent to a soft credit pull. That is the entire application.

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 with the department

Pay online and receive the executed bond, ready to file with the Tennessee Department of Education to complete your IEA participation. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the IEA program bond actually covers

The Individualized Education Account (IEA) program (TCA Title 49, Chapter 10, Part 14) lets parents of eligible K–12 students with qualifying disabilities use state funds for approved education expenses. Schools and providers that want to receive IEA funds must meet the Department of Education's financial and operational requirements.

A surety bond payable to the state is one accepted way to demonstrate financial responsibility. The amount is set by the department based on the scope of services and projected IEA payments a participating school expects to receive.

The bond backs the state and participating families: if a provider misuses IEA funds or violates the program's terms, a claim can be made to recover the loss — and if the surety pays, the provider repays the surety. Enter the amount the department set and see your price, starting from $100.

TCA 49-10-1401 et seq. (Individualized Education Act)The Tennessee Individualized Education Act (TCA §§ 49-10-1401 through 49-10-1406) establishes the IEA program for students with qualifying disabilities, administered by the Department of Education under State Board rules. Participating schools must meet financial-security requirements, which a surety bond payable to the state can satisfy in an amount the department sets based on scope of services and projected payments. Confirm your required amount with the department.

You need this bond if you are

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A school joining the IEA program that must show financial security
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An education service provider approved to receive IEA funds
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Renewing IEA participation and re-filing your financial-security bond
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A new participating school the department asked to bond before approval

One application, then a quick review.

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.

How much is the Tennessee IEA program bond?The premium is 1% of the bond amount, $100 minimum — the amount is set by the Department of Education based on your scope of services and projected IEA payments. Enter your figure at the application and see the number before you pay.
Is the bond required to participate?Participating schools must meet the department's financial-security requirement, and a surety bond payable to the state is one accepted way to do it. Confirm whether a bond — and what amount — applies to your school with the Department of Education.
Is there a credit check?A quick soft credit check may apply — never a hard inquiry, no impact on your score. Your final price is 1% of the bond amount, $100 minimum — the credit check doesn't change it.
What does the bond protect against?It protects the state and participating families against misuse of IEA funds or violations of the program's terms. If a valid claim is paid, the provider repays the surety — it is not insurance for the provider.
How is this different from the ESA program bond?The IEA program serves K–12 students with qualifying disabilities under the Individualized Education Act; the Education Savings Account (ESA) program is a separate Tennessee program under TCA 49-6-2601 et seq. Each has its own participation and bond requirements — we write both.
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.
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Complete your IEA participation today.

Premiums from $100. Enter the amount the department set and file in a day or two.

Start application
Your premiumfrom $100
Apply now →