IN patient trust funds bonds.
Flat 3%. Enter your amount.
When an Indiana nursing facility holds residents’ personal funds in trust, it must post a bond protecting that money. The requirement sits in IC 16-28-14 and the resident-funds rule at 410 IAC 16.2. We issue it at a flat 3% with no credit check — enter the amount your facility holds and the premium updates.
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Apply to filed in one sitting.
No underwriting queue for the standard patient trust bond — enter your amount, pay, and file. Here is the whole thing:
Apply online
Your facility details, the bond amount tied to the resident funds you hold, and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File and keep the funds protected
Hold the executed bond as the resident-funds rule requires, available for your Indiana Department of Health survey. Wet-ink originals mailed whenever you need them.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the resident funds your facility holds and the premium updates.
What it is and who needs it.
What the patient trust bond actually covers
Many nursing-facility residents let the facility hold and manage their personal spending money — small accounts for incidentals, paid out at the resident’s request. Indiana requires a facility that manages those funds to protect them against loss, so a resident’s money is safe even if the facility mishandles it or fails.
The requirement comes from IC 16-28-14 and the protection-of-resident-funds rule at 410 IAC 16.2-3.1-6, which require security — commonly a surety bond — covering the resident funds the facility holds in trust. The bond is held for the benefit of the residents whose money is at stake.
If a facility misuses or loses resident trust funds, the affected residents can recover against the bond. If the surety pays a claim, the facility repays the surety. The bond amount tracks the balance the facility holds — enter that figure and we issue it at a flat 3% with no credit check.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with the bond amount tied to the resident funds you hold — the executed bond is generated instantly, ready to hold and present at survey.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
Patient trust funds bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter the funds you hold and file the same day.