What is the purpose of a Florida Leased Nursing Home Bond?
The Florida Leased Nursing Home Bond is Required by the Florida Agency for Health Care Administration, this surety bond requires the principal to acquire, maintain, and provide proof of the bond to the Administration. The bond must last for 30 months and cover no less than the total of 3 months of Medicaid payments to the facility, based on the preceding 12-month average of Medicaid payments. To determine the cost of this bond, complete our easy online application.
Under the Florida Statutes Section 400.179, the rights of nursing home residents and the security of public funds must be protected when a nursing facility is sold or the ownership is transferred. The transferee, before being issued a license by the agency, must then file the surety bond.
How do I get a Florida Leased Nursing Home Bond?
Surety Solutions Insurance Services Inc was established in 2003. Although our headquarters are located in California, we are actually licensed in all 50 states. We have also partnered with several surety markets to ensure that we would only offer the best rates for all our clients. Our application processing time is also very fast, with some applications taking just a business day to get approved!
If you wish to get this surety bond from us, please fill out and submit an online application form. You will then be contacted by our licensed agents who will give a no-obligation quote for your bond. If you find the price to your satisfaction, just pay the said amount and sign all the paperwork. We will then send the surety bond through USPS Priority Mail or overnight delivery.
With an A+ rating from the Better Business Bureau, you can only expect the best service from us here at Surety1.