South Carolina resident patient trust fund bonds.
From $100.
The bond a South Carolina long-term care facility posts when it holds residents’ personal funds in trust. It protects those funds against mismanagement — pricing is 1% of the bond amount, with a $100 minimum, sized to the average balance you hold, and your exact price appears at the application.
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How much does a South Carolina resident patient trust fund bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue for the standard resident-funds bond — enter your amount, pay, and you have the executed bond. Here is the whole thing:
Apply online
Your facility details, the bond amount (your average resident-funds balance), and the effective date — that is the application.
Approved for most applicants
No credit check up to $250,000, and the bond is priced at 1% of the amount, with a $100 minimum — the executed bond is generated as soon as you pay.
File with your facility license
Submit the executed bond to satisfy the resident-funds requirement for your long-term care facility. Wet-ink originals mailed whenever the agency insists.
What it is and who needs it.
What the bond actually covers
A long-term care facility often holds small amounts of residents’ personal spending money in trust on their behalf. A resident patient trust funds bond is a resident-protection guarantee: it backs the facility's honest handling of those funds, so that if money is lost, mismanaged, or misappropriated, affected residents can be made whole.
It's a three-party arrangement: the facility (the principal), the surety carrier, and the residents whose funds are held (the protected parties). The amount generally tracks the average balance of resident funds the facility held over the prior year, so it scales with how much you hold in trust.
South Carolina's long-term care facilities are licensed and inspected by the state health agency (the function formerly under DHEC, now the Department of Public Health), and Medicaid-certified nursing facilities are separately required to safeguard residents' personal funds. It is not insurance for you — if the surety pays a claim, the facility repays the surety. Confirm the exact requirement and amount with your licensing or Medicaid contact.
You need this bond if you are
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
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with your facility license. Submit the executed bond to satisfy the resident-funds requirement for your long-term care facility. Wet-ink originals mailed whenever the agency insists.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $250,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued on the spot.
Submit the application with your bond amount (the average resident-funds balance you hold) — the executed bond is generated instantly, ready to file.
Start the application →Common questions.
Other South Carolina bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Resident-funds bond, issued today.
Pricing from $100. Enter your average balance and file the same day.