Charter School Bond Insurance Compliance Review
Every two years, typically, a letter arrives from your bond trustee or lender: submit a signed, independent insurance consultant report confirming your insurance program still satisfies the covenants in your bond agreement. CharterSelect delivers it within 48 hours.
Three steps, 48 hours.
- Send policies + bond insurance section Upload your current insurance policies along with your bond agreement — or just the section covering insurance requirements.
- We review against your covenants We cross-reference every coverage line, limit, and endorsement against what your bond agreement actually requires.
- Signed report within 48 hours You receive a signed independent insurance consultant report, ready to submit to your bond holder, trustee, or lender.
What the report covers.
Bond Covenant Insurance Review
- Coverage lines vs. covenant requirements — every line of coverage your bond requires, matched against what's actually in force
- Limits — confirming policy limits meet or exceed covenant minimums
- Additional insured / loss payee / mortgagee wording — verifying the trustee, bondholder, or lender is named correctly on every applicable policy
- Notice of cancellation — confirming your policies provide the notice period your bond agreement requires
- Evidence of insurance — a compliant certificate / evidence package ready to submit alongside the signed report
Frequently asked questions.
What is an independent insurance consultant report for bond holders?
An independent insurance consultant report is a signed, third-party review confirming that a charter school's insurance program meets the specific coverage requirements written into its bond covenants. Bond trustees and lenders require it as independent confirmation that the covenants are being met.
Who can sign a bond covenant insurance review for a charter school?
A licensed insurance professional who understands charter school bond covenants. We review charter school insurance programs against bond covenants and sign the review — including for schools whose coverage is placed elsewhere.
How often do bond holders require an insurance compliance review?
Typically every 2 years, per the bond covenants. The exact interval is set by your specific bond agreement, so check the insurance section of your covenants to confirm your school's schedule.
What do I need to send?
Copies of your current insurance policies (or declarations pages) plus your bond agreement — or just the section covering insurance requirements. That's all that's needed to start the review.
How long does it take?
48 hours. Once we have your policies and the bond agreement's insurance section, you'll have a signed independent insurance consultant report ready to submit to your bond holder or lender.
Need your signed review before the deadline?
Send us your policies and bond insurance section — we'll get the signed report back to you within 48 hours. Start Your Review