Utah lost instrument bonds.
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A lost instrument bond indemnifies the issuer of a lost cashier’s check, stock certificate or promissory note if the original surfaces and is honored. The penal sum tracks the instrument’s amount or value, often a multiple of it. We underwrite it and a specialist returns a quote, usually within one business day.
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How much does a Utah 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 get the instrument reissued.
The bank or transfer agent won’t reissue until they’re indemnified. The bond is what unlocks the replacement — here is the whole process:
Tell us the basics
Send what was lost (cashier’s check, stock certificate, note), its face value, the issuer’s name, and any affidavit-of-loss the issuer requires. The value sets the penal sum and the quote.
A specialist underwrites it
A surety specialist reviews the bond and the principal, then returns a quote — usually within one business day. Larger penal sums may call for financials or collateral; we tell you up front, not at the closing table.
Execute & deliver
Approve the quote and sign. We issue the bond on the issuer’s required form, with the surety’s power of attorney attached, so the bank or transfer agent can reissue the replacement instrument.
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.
Why the issuer wants a bond
When a cashier’s check, stock certificate, or promissory note is lost, destroyed, or stolen, the issuer (a bank or a transfer agent) faces a real risk: if they reissue and the original later turns up in the hands of someone entitled to be paid, they could have to pay twice.
A lost instrument bond shifts that risk. It indemnifies the issuer — if the original is presented and honored after the replacement is issued, the bond makes the issuer whole. That guarantee is what lets them reissue.
This is a closed-penalty bond: the penal sum is fixed to the instrument’s amount or value, often at a multiple of face. The surety underwrites the applicant; higher amounts may call for collateral. It is framed to the issuer’s indemnity, not to a Utah-specific statute — the governing law is UCC Article 3.
You need this bond if you’ve
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. Approve the quote and sign. We issue the bond on the issuer’s required form, with the surety’s power of attorney attached, so the bank or transfer agent can reissue the replacement instrument.
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.
Start with the instrument and the issuer.
These are the actual underwriting fields — what was lost, its amount or value, and the issuer requiring the bond. Submit once and a surety specialist returns a quote, usually within one business day. Free until your bond is issued.
Start the application →Common questions.
Other Utah bonds.
The same bond in nearby states.
Requirements checked on the carrier’s application, . Page updated .
Get the instrument reissued.
Tell us what was lost, its value, and who’s requiring the bond. A surety specialist underwrites it and returns a quote, usually within one business day. Free until your bond is issued.