Platinum Bonds Insurance Agency
Research before you apply.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…
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…
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.
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 bond…
Probate/fiduciary application — typically 3–5 business days
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.