Rhode Island receiver bonds.
Quote on review.
A court-appointed receiver takes control of property the court is protecting. The bond guarantees you’ll manage and account for those assets faithfully. The court sets the amount to the value in receivership — and we underwrite it. A surety specialist reviews your file and returns a quote, usually within one business day.
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How much does a Rhode Island receiver bond cost?
It is underwritten. The carrier’s base rate is 0.4% of the bond amount; the underwriter sets your premium from the amount, your credit and any collateral.
Built for the order of appointment.
The order appointing a receiver sets the bond, and the bond is effective as of the date of appointment — so it can’t lag. Here is the whole process:
Send us the file
Apply online with the order of appointment, the assets in receivership and their value, and the receiver’s details. The value of the estate drives the penal sum.
A surety specialist underwrites it
A specialist reviews the order, the receiver’s credit and finances, and any collateral, then returns a quote. The amount is fixed by the court — underwriting decides approval and collateral.
Execute & file
Once you bind, we issue the executed bond on the court’s required form with the power of attorney attached, ready to post so the receiver can take control of the assets.
How a receiver bond works, and what to have ready.
Why the court asks for it
A court has appointed you as receiver, or as a master or referee, to take charge of property or a business while a case is decided. The court requires a bond before you take control.
Who it protects
The parties to the case and the court. If you fail to carry out the court's orders faithfully, they can recover the loss from the bond, up to the bond amount.
If there is a claim
The surety pays a valid claim and you repay the surety.
Have these ready
- The order appointing you, with the bond amount
- The court, case number and the parties' names
- A description and estimated value of the property or business you will control
- A short summary of your experience as a receiver or fiduciary
- Your attorney's name and contact details
What it is and who needs it.
What a receiver bond secures
A court appoints a receiver (or master or referee) to take custody of disputed or distressed property — a business, real estate, or assets — and manage it neutrally while a case proceeds.
The receiver bond guarantees the receiver handles those assets faithfully: collects, preserves, accounts, and distributes them as the court directs. If the receiver mismanages or misappropriates, the bond makes the estate whole, and the surety looks to the receiver to repay it.
Because the surety stands behind the whole estate, the bond is underwritten on the receiver’s credit and finances, and a large receivership can require collateral. Rhode Island’s receivership act lets the court accept alternative security in some cases — we’ll flag what applies.
You need this bond if you’re
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
Term and renewal are set in the underwriter's quote.
Keep the bond in force for as long as the obligation behind it runs.
How to file it
Execute & file. Once you bind, we issue the executed bond on the court’s required form with the power of attorney attached, ready to post so the receiver can take control of the assets.
What sets the price
This bond is underwritten. The carrier's base rate for this bond is 0.4% of the bond amount; the underwriter sets your final premium from the amount, your credit and any collateral.
The application takes about ten minutes.
These are the actual underwriting fields — the order of appointment, the assets and their value, the receiver, and your finances. Submit once and a surety specialist returns a quote, typically within one business day. Free until your bond is issued.
Start the application →Common questions.
Other Rhode Island bonds.
The same bond in nearby states.
Requirements checked on the carrier’s application, . Page updated .
Get bonded and take control of the receivership.
Send us the order of appointment and the asset value, and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.