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Florida nursing home patient trust bonds.
From $100.

Any Florida nursing home that holds resident funds in trust must file a bond with the Agency for Health Care Administration under §400.162. The amount is twice your average monthly trust balance, or $5,000, whichever is greater — the premium is 1% of the bond amount, $100 minimum, priced exactly in the on-page calculator.

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Required under §400.162, Fla. Stat. when a licensee holds resident funds in trust
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Amount is twice the average monthly trust balance for the prior year, or $5,000, whichever is greater
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1% of the bond amount, $100 minimum — enter your required bond amount to see your exact price in the calculator
1% rate$100 minimum premiumInstantissuance for mostNo SSNin the application
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
How it works

Three steps. One sitting.

No underwriting queue for the standard patient trust bond — enter your amount, pay, and file with AHCA. Here is the whole thing:

TODAY · ONLINE

Apply online

Your facility details, the bond amount your trust balance requires, and the effective date — that is the entire application.

INSTANTLY

Issued on the spot

The application collects no credit information, and most facilities see the executed bond generated as soon as you pay. Larger amounts may get a quick review.

SAME DAY

File with AHCA

Submit the executed bond with your nursing home license application or renewal. A new bond or continuation certificate is due on each annual renewal date. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the patient trust bond actually covers

When a Florida nursing home manages residents’ personal funds in trust — spending money, allowances, and the like — the facility must protect those funds. Under §400.162, a licensee that holds resident funds in trust files a surety bond with the Agency for Health Care Administration (AHCA).

The bond is conditioned on the licensee’s faithful compliance with the resident-funds provisions of the statute, and runs to the agency for the benefit of any resident injured by a violation. If the facility mishandles a resident’s personal funds or property, the harmed resident can recover against the bond.

The amount is twice the average monthly balance in the resident trust fund during the prior year, or $5,000, whichever is greater. A new bond or continuation certificate is required on each annual renewal date. As an alternative, the statute allows a self-insurance agreement under agency rule. Enter the figure that applies — the premium is 1% of that amount, $100 minimum, and the application collects no credit information.

§400.162, Fla. Stat.Under §400.162(5), Florida Statutes, a nursing home licensee that holds resident funds in trust must file a surety bond with AHCA in an amount equal to twice the average monthly balance in the resident trust fund during the prior year, or $5,000, whichever is greater. The bond is conditioned on faithful compliance and runs to the agency for the benefit of any resident injured by a violation. A self-insurance agreement is an alternative under agency rule.

You need this bond if you are

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A licensed Florida nursing home that holds residents’ personal funds in trust
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Applying for a nursing home license and you will manage resident trust accounts
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Renewing your AHCA license and your prior-year trust balance changed the required amount
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A new facility setting up resident trust accounting for the first time

One application, issued on the spot.

Submit the application with the bond amount your trust balance requires — the executed bond is generated instantly, ready to file with AHCA.

Start the application →
FAQ

Common questions.

How much is the Florida nursing home patient trust bond?The premium is 1% of the bond amount, $100 minimum. The amount itself is set by §400.162 — twice your average monthly resident trust balance for the prior year, or $5,000, whichever is greater. Enter that figure at the application to see your exact price.
How do I calculate the bond amount?Take the average monthly balance in your resident trust fund over the prior year and double it. If twice that figure is under $5,000, the statutory minimum of $5,000 applies. New facilities estimate the balance; send us your numbers and we will confirm.
What does the bond protect against?It protects residents if the facility mishandles their personal funds or property held in trust. The bond runs to AHCA for the benefit of any resident injured by a violation — and if the surety pays a claim, the facility repays the surety.
Is there a credit check?The application collects no credit information at all — most applications like this approve instantly.
Can I self-insure instead?The statute allows a self-insurance agreement as an alternative, under rules adopted by AHCA. Most facilities find a surety bond simpler — you pay a premium from $100 rather than meeting the agency’s self-insurance requirements.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
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Other Florida bonds.

Patient trust bond, issued today.

Premiums from $100. Enter the amount your trust balance requires and file with AHCA the same day.

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