The Kentucky Department of Human Services requires this surety bond. This bond guarantees that the bond holder will honestly hold all funds deposited with them as the operator of a nursing home or home for the aged, administer the funds on behalf of the residents in the manner directed by the depositors, render complete accounts to the patients and depositors when requested, and account for all funds received upon the termination of a deposit. The required bond amount varies, but Surety1 will gladly help you determine the bond amount you need.
To Attain a Kentucky Residents’ Funds Surety Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.