Missouri Health Studio
The Missouri Health Studio is a $25,000.00 bond.
This bond is available in 1 year term.
Health Studios are required to register with the department annually and a letter of credit or certificate of deposit. Health studios will also need to post a surety bond. The purpose of this security is to reimburse members if the studio fails to meet its contractual obligations to its members. The law authorizes the department to collect registration fees; penalty fees are imposed on studios that do not register or post security.
Ashton Agency has a 99% approval rate and offers the $10,000; $20,000; and $25,000 Missouri Health Spa bond at some of the most competitive rates. Let us save you money!
Who needs a health spa bond?
In the State of Missouri, health spas are required to obtain a surety bond to be in compliance with Section 407.327 of the Missouri Statutes. Before entering into any non prepayment health spa contract, every health spa except any health spa which has been engaged in such business in any county of the first or second class or in any city not located within a county for at least three years prior to August 13, 1988, and except in any county of the third or fourth class for at least one year prior to August 13, 1988, shall file and maintain with the office of the attorney general, in form and substance satisfactory to him, a bond with corporate surety, from a company authorized to transact business in this state or a letter of credit from a bank insured by the Federal Deposit Insurance Corporation.
What is the health spa bond?
The health spa bond protects the party requesting the surety bond, the Obligee, against any financial losses as a result of poor financial choices, damages, unethical decisions, or a failure to adhere to state and local laws on the part of you, the Principal. By obtaining your bond, you are telling the Obligee that you can be trusted and that you stand by your business decisions. "Health spa", any person, firm, corporation, organization, club or association engaged in the sale of memberships in a program of physical exercise, which includes the use of one or more of a sauna, whirlpool, weight-lifting room, massage, steam room, or exercising machine or device, or engaged in the sale of the right or privilege to use exercise equipment or facilities, such as a sauna, whirlpool, weight-lifting room, massage, steam room or exercising machine or device.
Health spas new to Missouri should also file and maintain with the office of the attorney general a bond with corporate surety or a letter of credit from a bank insured by FDIC in the amounts indicated below:
Number of unexpired contracts exceeding 3 months // Amount of Bond
- 500 or less // $10,000.00
- 501 to 1,000 // $20,000.00
- more than 1,000 // $25,000.00
The Missouri health spa bonds are also known as: Missouri health studio bond, Missouri health club bond, fitness bond, fitness club bond, and health club bond.
What else do I need besides the bond?
For more information in regards to health studios, click here.
Health spa owners will submit the original signed bond form to the Missouri Attorney General Chris Koster at the following address:
Missouri Attourney General's Office
Supreme Court Building
207 W High St
PO Box 899
Jefferson City, MO 65102
They may be reached by phone at (573) 751-3321.
Get Bonded Within One Business Day!
Only Ashton Agency can provide you with:
- The lowest price for your health spa bond.
- Quickest turnaround time.
- The ability to meet or beat any competitor's pricing.
Many companies offer the health spa bond, but by contacting the Ashton Agency, you can be sure you'll be getting the best price available, not to mention our stellar customer service and insider knowledge of the industry. We've been helping people get bonded for more than 45 years. Let us put that experience to work for you today!
Call us now at (800) 452-2663 for a free quote and we will contact you within 24 hours. We can assist you over the phone to ensure you receive your bond quickly and easily!
Don't have time to speak on the phone? Please fill out our easy online application and fax to (503) 253-1353. We can get you started right away!
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