RI patient trust funds bonds.
Flat 3%. Enter your amount.
A Rhode Island care facility that holds residents’ personal money must secure those funds with a surety bond under R.I. Gen. Laws § 23-17-50. The bond amount tracks the funds you hold, with the State as obligee — we issue it at a flat 3% with no credit check. Enter your amount 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 an 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 with the Dept. of Health
Submit the executed bond to satisfy your facility licensing requirement. Wet-ink originals mailed whenever the office insists.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure that exceeds your resident funds on hand and the premium updates.
What it is and who needs it.
What the patient trust bond actually covers
When a Rhode Island nursing facility, ICF/DD, or assisted living residence holds and manages residents’ personal spending money — their personal needs funds — the state requires a financial backstop so those funds are protected if the facility mishandles them or fails.
Under R.I. Gen. Laws § 23-17-50, a licensed health care facility that controls patient funds must maintain a surety bond with the State of Rhode Island as obligee, consistent with the federal requirement at 42 C.F.R. § 483.10(f)(10)(vi) to assure the security of residents’ personal funds. The bond amount must exceed the total resident funds on hand, typically benchmarked to the prior year’s average balances and reviewed annually.
The bond protects residents and their families: if the facility loses, misapplies, or fails to return resident funds, the bond makes them whole. It is not insurance for the facility — if the surety pays, the facility repays the surety. Enter the amount your balances require, and we issue 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 your required bond amount — the executed patient trust bond is generated instantly, ready to file with the Department of Health.
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 bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter the amount your balances require and file the same day.