Tennessee Postsecondary Educational Institutions ($20,000) The Postsecondary Educational Institutions Surety Bond is required by the state of Tennessee Higher Education Commission. The minimum requirement for this Bond is $20,000. This Bond indicates the principal has a certificate to operate a postsecondary education institution. Therefore the principal accepts all liabilities and responsibilities henceforth from the Tennessee Higher Education Commission. This Bond also indemnifies any student or enrollee from suffering damages of any kind do to any violation of code. It guarantee?s the principal will comply with all local and state laws.