This surety bond is required by the West Virginia Department of Health and Human Resources under the provisions of Chapter 16, Article 5C, Section 7(b) of the Code of West Virginia. The licensee shall hold separately and in trust all residents’ funds deposited with the licensee, shall administer the funds on behalf of the resident in the manner directed by the depositor, shall render a true and complete account to the depositor and the director when requested, and at least quarterly to the resident, and upon termination of the deposit, shall account for all funds received, expended, and held on hand. This bond is for residents’ funds held by a nursing home in order to protect any persons that allow a nursing home to handle their money. The required bond amount varies, but regardless of the amount you need, Surety1 can provide it quickly and at a competitive price.
To Get a West Virginia Surety Bond for Residents’ Funds Held by a Nursing Home:
- 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.