SC resident patient trust fund bonds.
Flat 3%. Enter your amount.
The bond a South Carolina long-term care facility posts when it holds residents’ personal funds in trust. It protects those funds against mismanagement — we issue it at a flat 3% with no credit check, sized to the average balance you hold.
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Apply to filed in 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 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 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.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the average balance of resident funds you hold and the premium updates.
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
Five minutes, 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.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
Resident-funds bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter your average balance and file the same day.