Who needs a health spa bond?
In the State of Texas, health spas are required to obtain a surety bond to be in compliance with Texas Occupations Code section 702.151 of the Texas Statutes.
Total amount paid for prepaid memberships at health spa location | Amount of Security |
---|---|
$0–$20,000 | $20,000 |
$20,001–$25,000 | $25,000 |
$25,001–$30,000 | $30,000 |
$30,001–$35,000 | $35,000 |
$35,001–$40,000 | $40,000 |
$40,001–$45,000 | $45,000 |
Over $45,000 | $50,000 |
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.
The Texas health spa bonds are also known as: Texas health studio bond, Texas health club bond, fitness bond, fitness club bond, and health club bond.
What else do I need besides the bond?
Health spa owners will submit the original signed bond form to the Texas Secretary of State at the following address:
Office of the Secretary of State
Statutory Documents Section
PO Box 13550
Austin, TX 78711
They may be reached by phone at (512) 463-6906.
Get Bonded Within One Business Day!
Only Ashton Agency can provide you with:
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!