Patient Trust Fund Bond
Facility or program patient-fund surety when an Arizona obligee requires it
Nursing facilities and similar providers may need surety covering patient trust funds when required by federal nursing-home rules or an Arizona program obligee.
Or call (877) 477-7578
A patient trust fund bond protects resident funds held by a healthcare facility when surety is required by the controlling program.
The surety bond guarantees that the principal will perform the duties required under Federal nursing facility patient fund rules - Arizona program conditions as applicable up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Arizona obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Arizona skilled nursing and related facilities directed to bond patient trust accounts need this product.
Match the CMS or Arizona program form and amount to the resident-fund balance or schedule named by the obligee.
Share your license type, court order, or obligee form and the exact penal sum required by CMS and/or Arizona healthcare program obligee named on the form.
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to As named on the facility or program bond form or for your Arizona filing package.
The amount is Typically sized to patient funds held — confirm obligee schedule, as set under Federal nursing facility patient fund rules - Arizona program conditions as applicable and confirmed with CMS and/or Arizona healthcare program obligee named on the form.
The obligee is typically As named on the facility or program bond form. Always match the exact name on the Arizona form.
Many Arizona filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Arizona license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond