He said they will accept the surety bond of foreign students who availed of it before Nov. 2.
After this day, the surety bond will only be accepted if the health insurance company denies a student’s application for certain reasons, he added.
Reasons may include the financial capability of a student to pay for the health insurance and/or extreme underlying health conditions.
According to Ada, the student health insurance is the primary requirement while the student health bond will only be accepted as a secondary requirement.
“We want to make sure that the foreign student will not be a burden to the community in case something happens to him,” he said.
Commerce recently authorized StayWell to market student health insurance which costs at least $400 a year.
Last July, Commerce implemented a student health bond requirement for foreign students in the absence of a student health insurance on island.
Commerce will be accepting foreign student annual registration forms until Nov. 13.
A $25 fee is required for the form.
