Texas receiver bonds.
Quote on review.

A court-appointed receiver takes control of property the court is protecting. The bond guarantees you’ll discharge the duties of the office faithfully and obey the court. The court fixes 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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Required of a receiver under Civil Practice and Remedies Code § 64.023 before assuming the duties
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Amount is fixed by the court to the value of the assets in receivership
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Underwritten on the receiver’s file; collateral may apply to a large estate
Underwrittencourt sets the amountA-ratedA.M. Best carriers1 daytypical specialist reply
Trusted by industry leaders
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
New York City Economic Development Corporation (NYCEDC)
Blumenfeld Development Group (BDG)
Capital Development Partners
McKinney Properties
Terra Capital
JLL (Jones Lang LaSalle)
Triple Five Group
The Georgetown Company
How it works

Built for the order of appointment.

A receiver can’t assume the duties of the office until the bond is executed and approved, so the bond is usually the gating step after appointment. Here is the whole process:

TODAY · 10 MINUTES

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 the receiver will hold drives the penal sum.

WITHIN 1 BUSINESS DAY

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.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond on the form the court requires with the power of attorney attached, ready to file so the receiver can take control of the assets.

In plain English

How a receiver bond works, and what to have ready.

  1. 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.

  2. 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.

  3. 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
About this bond

What it is and who needs it.

What a receiver bond secures

A Texas court appoints a receiver (or referee or master) 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 faithfully discharges the duties of the office and obeys the court’s orders: collecting, preserving, accounting for, and distributing the property as directed. 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 assets the receiver holds, the bond is underwritten on the receiver’s credit and finances, and a large receivership can require collateral. The court fixes the amount and can adjust it as the receivership develops.

Texas StatuteCivil Practice and Remedies Code Chapter 64 governs receiverships. Section 64.022 requires a receiver, before assuming the duties of the office, to be sworn to perform them faithfully; § 64.023 requires the receiver to execute a good and sufficient bond, approved by the appointing court, in an amount fixed by the court, conditioned that the receiver will faithfully discharge the duties of the office.

You need this bond if you’re

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A court-appointed receiver taking control of a business, real estate, or assets in litigation
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A referee or special master directed to hold, manage, or sell property
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A receiver in a rents-and-profits or partnership-dissolution receivership
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Counsel arranging the bond so the receiver can qualify and take possession under the order of appointment
After you buy

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 form the court requires with the power of attorney attached, ready to file 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 →
FAQ

Common questions.

What is a Texas receiver bond?It is the bond a court-appointed receiver, referee, or master executes before assuming the duties of the office. Under Civil Practice and Remedies Code § 64.023, it is approved by the appointing court in an amount the court fixes, conditioned that the receiver will faithfully discharge those duties — protecting the property placed in receivership.
How much does it cost?It is underwritten, not flat-rated. The court fixes the penal sum to the value of the assets in receivership. A surety specialist then reviews the receiver’s credit and finances and any collateral and returns a premium quote, usually within one business day.
Who sets the bond amount?The appointing court does, in an amount it fixes under § 64.023, usually high enough to cover the property the receiver will hold. We size and underwrite the bond to whatever the court fixes, and adjust it if the court increases or decreases the amount.
Does the receiver have to do anything else to qualify?Yes. Under § 64.022 the receiver must first be sworn to perform the duties of the office faithfully, and then execute the § 64.023 bond approved by the court. We help arrange the bond so the receiver can qualify and take possession.
How fast can the bond be issued?A specialist typically returns a quote within one business day of a complete application. Once you bind and any collateral is in place, the executed bond issues on the court’s form, ready to file so the receiver can take possession.
Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.
How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.
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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.

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