Form OA 435. Passenger Carrier and Passenger Broker Bond - Virginia

Form OA 435 - Passenger Carrier and Passenger Broker Bond is used to record the bond required to protect the public against fraudulent activity by a carrier or broker providing passenger transportation services. This form is essential for carriers and brokers to demonstrate financial responsibility and safeguard against potential wrongdoing.

The parties involved are the carrier or broker providing passenger transportation services and the Virginia Department of Motor Vehicles. The form typically includes sections for bond details, carrier or broker information, and any necessary signatures.

Important fields in this form include bond details, carrier or broker information, and any necessary signatures. Providing accurate bond information and documentation is crucial for demonstrating financial responsibility.

An example use case is a passenger carrier wanting to operate legally in Virginia. By submitting this form with the required bond, carriers assure the public that they are financially capable of fulfilling their responsibilities.

No additional documents are usually needed for this form. However, ensuring that the bond amount meets regulatory requirements is important. Related forms might involve alternative methods of demonstrating financial responsibility, such as insurance coverage.