South Dakota lost instrument bonds.
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Replace a lost or destroyed cashier’s check, stock certificate, or note. The bond indemnifies the issuer if the original instrument later turns up in someone’s hands. The instrument’s value sets the penal sum — 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 South Dakota lost instrument bond cost?
It is underwritten. The carrier’s base rate is 2% of the bond amount; the underwriter sets your premium from the amount, your credit and any collateral.
Built to replace the instrument.
To reissue a lost check, certificate, or note, the issuer typically asks for a bond indemnifying it against the original turning up. Here is the whole process:
Send us the file
Apply online with a description of the instrument, its value, the issuer, and the affidavit of loss. We size the bond to the face value of the instrument the issuer requires you to cover.
A surety specialist underwrites it
A specialist reviews the instrument, your financials, and any collateral, then returns a quote. A high-value instrument bond is typically collateralized — cash, a letter of credit, or pledged assets.
Execute & deliver
Once you bind, we issue the executed bond on the issuer’s required form with the power of attorney attached, ready to deliver so the instrument can be reissued.
How a lost instrument bond works, and what to have ready.
Why it is required
A stock certificate, cashier's check or other financial instrument was lost, stolen or destroyed, and the issuer will replace it only if you post a bond.
Who it protects
The issuer or transfer agent. If the original turns up and someone cashes or transfers it, they recover their loss from the bond.
If there is a claim
The surety pays a valid claim and you repay the surety.
Have these ready
- The issuer's or transfer agent's letter asking for the bond, with the amount
- Details of the lost instrument: its number, issuer, date and value
- Your affidavit of loss, if the issuer asks for one
- Proof that you own the instrument
What it is and who needs it.
What a lost instrument bond actually does
When a cashier’s check, stock certificate, or promissory note is lost, stolen, or destroyed, the issuer will usually reissue it — but only if it is protected against the original showing up later in someone’s hands. A lost instrument bond is that protection.
The bond indemnifies the issuer (a bank, transfer agent, or maker) against having to pay twice. If a holder later presents the original and the issuer must honor it, the surety reimburses the issuer up to the penal sum.
Because the surety stands behind that risk, a high-value bond is usually collateralized and supported by financials, and an open-penalty form may be required by the issuer. We tell you what a given instrument needs before you commit.
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 & deliver. Once you bind, we issue the executed bond on the issuer’s required form with the power of attorney attached, ready to deliver so the instrument can be reissued.
What sets the price
This bond is underwritten. The carrier's base rate for this bond is 2% 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 instrument and its value, the issuer, your business, and your financials. Submit once and a surety specialist reviews everything together and returns a quote, typically within one business day. Free until your bond is issued.
Start the application →Common questions.
Other South Dakota bonds.
The same bond in nearby states.
Requirements checked on the carrier’s application, . Page updated .
Replace the lost instrument.
Send us the instrument and its value and a surety specialist sizes, underwrites, and quotes the bond — typically within one business day. Free until your bond is issued.