Connecticut receiver bonds.
We size, underwrite & quote it.

Take up your receivership without the bond holding up the order.
A receiver bond guarantees the faithful performance of your official duties.
The appointing court sets the amount — and we underwrite it.
A surety specialist reviews your file and returns a quote, usually within one business day.

Required of every receiver under C.G.S. §52-506 before assuming the role
Payable to the state and conditioned for faithful performance of official duties — the court sets the amount
Underwritten on the receivership and financials; collateral may apply on a large penal sum
Underwrittensized to the assetsA-ratedA.M. Best carriers1 business daytypical specialist reply
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for the appointment order.

In Connecticut a receiver must file the bond with the clerk before acting, so the bond sits on the path between appointment and control of the assets. Here is the whole process:

TODAY · 10 MINUTES

Send us the file

Apply online and tell us the case, the assets in receivership, and the bond amount the court ordered. That is what we size the receiver bond to under C.G.S. §52-506.

WITHIN 1 BUSINESS DAY

A surety specialist underwrites it

A specialist reviews the receivership, your financials, and any collateral, then returns a quote. A large penal sum may be collateralized — cash, a letter of credit, or pledged assets.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond payable to the state on the court’s form with the power of attorney attached, ready to file with the clerk so you can assume your duties.

About this bond

What it is and who needs it.

What a receiver bond protects

A receiver is appointed to take control of property or a business while a dispute is decided — collecting, preserving, and sometimes operating the assets under the court’s direction. That is a position of considerable trust over money that is not the receiver’s own.

The receiver bond guarantees the faithful performance of those official duties and the proper accounting for the assets. If the receiver mishandles the estate, the bond answers for the loss — which is why the appointing court sizes it to the assets rather than a flat figure, and why the surety underwrites the receiver first.

Because the surety stands behind the receivership, a large penal sum is usually collateralized — with cash, a letter of credit, or pledged assets — and supported by financials. We tell you what a given appointment needs before you commit.

Connecticut StatuteC.G.S. §52-506 (Chapter 920, Receivers) provides that all receivers, before assuming to act as such, shall file with the clerk of the court by which, or by a judge of which, they were appointed, a bond with such surety or sureties, and in such amount, as the court or judge orders and approves — payable to the state and conditioned for the faithful performance of their official duties. The court fixes the amount, generally in relation to the assets coming into the receivership.

You need this bond if you’re

A court-appointed receiver taking control of a business, property, or assets pending litigation
A master or referee charged by the court with holding or administering funds or property
A receiver in a foreclosure or dissolution, collecting rents or winding up an entity
Counsel arranging a receivership who needs the §52-506 bond filed before the receiver can act

The application takes about ten minutes.

These are the actual underwriting fields — the receivership, the assets, your financials, and the bond amount. Submit once and a surety specialist reviews everything together and returns a quote, typically within one business day. Free until your bond is issued.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

What is a Connecticut receiver bond? +
It is the bond C.G.S. §52-506 requires every receiver to file before acting. Payable to the state, it guarantees the faithful performance of the receiver’s official duties and the proper handling of the assets in the receivership. The appointing court sets the amount and approves the surety.
How much does it cost? +
It is underwritten, not flat-rated. The court sets the penal sum to the assets in the receivership under §52-506, and a surety specialist reviews the receivership, your financials, and any collateral and returns a premium quote — usually within one business day.
Who sets the bond amount? +
The court or judge that appointed the receiver. Under §52-506 the bond is in such amount and with such surety as the court orders and approves, generally tied to the assets coming into the receivership. We size the penal sum to what the court orders and underwrite from there.
Will I need to post collateral? +
Often, for a large receivership. Because the surety stands behind the receiver’s handling of the assets, the bond is frequently collateralized with cash, a letter of credit, or pledged assets, and supported by financials. We tell you what your specific appointment requires before you commit.
How fast can the bond be issued? +
A specialist typically returns a quote within one business day of a complete application. Once you bind and any collateral is in place, the executed bond issues payable to the state on the court’s form, ready to file with the clerk so you can assume your duties.
Related bonds

Other New York bonds.

Get bonded to take the receivership.

Tell us the assets and the amount the court ordered, and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.

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