Section 6707 - Application for license(a) General rule.--Before any license is issued to a private academic school, a verified application shall be made, in writing, to the board on a form prepared and furnished by the department.(b) Application contents.--The application shall require a statement showing: (1) The title or name and address of the school, grades and classes, together with the name of the owners and controlling officers.(2) The specific fields of instruction which will be offered and the purposes of such instruction.(3) The place where instruction will be given.(4) A specific listing of the equipment and instructional materials available for instruction in the school.(5) The maximum enrollment to be accommodated at the school.(6) The qualifications of teachers, professional staff and director.(7) Financial resources available to equip and maintain the school.(8) An agreement to abide by reasonable service and business ethics prescribed by the board.(9) Any additional information the board may deem necessary to enable it to determine the adequacy of the program of instruction and related matters. An application must be completed for board consideration.
(c) Financial responsibility.--Each private academic school shall demonstrate to the board that it has adequate resources or forms of surety available for the purpose of reimbursing unearned tuition due students whenever the licensed school ceases to operate. The form of financial responsibility or surety established by the private licensed school shall be subject to approval by the board. The board shall promulgate regulations under this act establishing the levels and forms of financial responsibility or surety that the private licensed school is permitted to establish.1988, Jan. 28, P.L. 24, No. 11, § 7, effective 1/1/1988.