Platinum Bonds shield logo

Platinum Bonds Insurance Agency

Research before you apply.
ChatLoginPay Now

Long Term Care Resident Fund Bond

A Long Term Care Resident Fund Bond is required for facilities in Tennessee that hold money belonging to their residents. This bond protects residents if the facility misuses or mishandles their personal funds. For example, if a nursing home manages spending money or savings for residents and fails to properly safegua…

Bond amountVaries by license type or project
State or jurisdictionTennessee
ObligeeTN Residents of the Facility

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Google icon5.0 ★★★★★Google review profileBBB iconBBB A+ AccreditedView the agency profile
2323 yearsHelping clients and agents
Overview

What it is.

A Long Term Care Resident Fund Bond is required for facilities in Tennessee that hold money belonging to their residents. This bond protects residents if the facility misuses or mishandles their personal funds. For example, if a nursing home manages spending money or savings for residents and fails to properly safegua…

Who usually needs it

Long-term care facilities in Tennessee—including nursing homes, assisted living facilities, and residential care institutions—that manage or handle personal funds on behalf of residents must obtain this bond as a prerequisite to obtaining a business license and as a condition of licensure under Tennessee Code Annotated Section 68-11-906.

Pricing & timing

What to expect.

Generic pricing

Guardianship bonds protect the interests of minors or incapacitated persons under court-appointed guardianship. Pricing Information:. Court bonds are reviewed case-by-case and must be approved before pricing can be provided. • Bond amount: Set by the court based on the ward's assets. • What affects pricing: Asset value, type of guardianship, credit and financial strength. • Collateral: May be required depending on asset value. • Ongoing requirement: Many guardianship bonds must be renewed annually. Guardianship bonds are typically required when a guardian manages significant financial assets. Court approval is required before issuance.

Your quote determines the actual premium.

Typical timeframe

Probate/fiduciary application — typically 3–5 business days

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

Platinum Bonds

Experience behind every bond.

Helpful guidance, a real agency team, and a clear path from research to application.

Google icon5.0★★★★★Google reviews

“Finally a company that understands what customer service is supposed to be.”

★★★★★

“My bond application was processed and received very quickly.”

★★★★★

“I highly recommend you do business with these folks.”

★★★★★
BBB A+ Accredited Business seal for Platinum Bonds Insurance Agency

BBB A+ Accredited

Open the Platinum Bonds Insurance Agency BBB profile.

23 years

Offering service to clients and agents alike.

Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

Start the appTalk with Ava