What is a Airlines Report Commission (ARC) Bond?
Synonyms: Arline Reporting Commission Bond
A travel agent must purchase an airline report commission bond before beginning a travel agency business. The bond is a form of insurance that assures the customer that the travel agent will spend money for airlines on the correct airline for the correct flight. It also guarantees the agent’s compliance with all laws and regulations pertaining to this business.
Because these bonds are particularly risky, rates may be higher and collateral may be required for a bond in some cases.
Before travel agents purchase a bond from an agency, they must submit themselves to a credit check, have their application approved, and go through other screening processes.
Ox Bonding is prepared to help travel agents purchase airline report commission bonds with a free quote, knowledgeable staff, and friendly customer service. Get started now!