Platinum Bonds Insurance Agency
Research before you apply.A Resident's Fund Trust Bond is required for facilities or individuals in New Mexico who manage money or property belonging to residents in their care, such as nursing homes or assisted living facilities. This bond protects residents by guaranteeing that their personal funds will be handled honestly and returned when …
A Resident's Fund Trust Bond is required for facilities or individuals in New Mexico who manage money or property belonging to residents in their care, such as nursing homes or assisted living facilities. This bond protects residents by guaranteeing that their personal funds will be handled honestly and returned when …
Nursing facilities in New Mexico that provide 24-hour nursing care to residents, hold residents' personal funds, and receive Medicaid payments must obtain this bond before Medicaid enrollment to ensure compensation if the facility wrongfully withholds, mismanages, or fails to properly account for residents' personal funds.
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.