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Bonds, Bonding

Bond Companies — December 18, 2009
To assist agents in the surety selection process, the Airlines Reporting Corporation (ARC) has provided a list of bond brokers. This list is provided as an informational source only. Agents are not obligated to use the services of any specific broker and this list is not intended as an endorsement of these companies.

Qualifying a Tour Operator: Frequently Asked Questions — July 12, 2007
When it comes to choosing a trustworthy tour operator, it’s more than your clients' money that’s on the line - it’s also their trust. So choosing a reliable tour operator is crucial for success. Read more to find a list of questions to test your knowledge.

Replacing Your Financial Security and Voluntary Deletion from the ARC Agency List — July 12, 2007
Agents must be covered at all times by either a bond or LOC. When ARC receives notice of cancellation or expiration, the agent is notified immediately. If proper replacement is not received by the cancellation or expiration date, ARC will immediately remove all ARC traffic documents and airline plates.

Bonds and Letters of Credit — July 12, 2007
ARC requires all ARC-listed travel agents to maintain a bond or irrevocable letter of credit (LOC) in favor of ARC. The ARC bond is a performance or financial guaranty type of bond. The LOC is a guarantee of payment issued by a federally insured lending institution. A bond or LOC serves as a financial screen, assuring ARC carriers of the financial credit worthiness of travel agents. ARC's bond/LOC requirement also protects ARC carriers from financial loss if a travel agency defaults.

Obtaining Financing — July 9, 2007
Starting a new business may require more money than you have. While the initial capital-costs for a new travel agency may be lower than those for other lines of business (because there is no inventory cost), it is likely that the agency will lose money for a period of time. During this time the agency will depend upon its initial capital to pay the bills.

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