Washington receiver bonds.
We size, underwrite & quote it.

A court-appointed receiver takes control of property the court is protecting. The bond guarantees you’ll faithfully discharge the receiver’s duties. The court sets 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.

Required of a receiver under RCW 7.60.045 before entering on the duties of receiver
Amount is specified by the court and the bond runs in favor of all interested persons
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
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Built for the order of appointment.

The order appointing a receiver usually sets the bond, and the receiver can’t enter on duties until it’s posted. 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 of the estate 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 specified by the court — underwriting decides approval and collateral.

ON APPROVAL

Execute & file

Once you bind, we issue the executed bond with sureties approved by the court, ready to file so the receiver can enter on duties and take control of the assets.

About this bond

What it is and who needs it.

What a receiver bond secures

A court appoints a receiver (or master or referee) 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 handles those assets faithfully: collects, preserves, accounts, and distributes them in accordance with the orders of the court and state law. If the receiver mismanages, the bond secures the persons interested in the receivership, and the surety looks to the receiver to repay it.

Because the surety stands behind the whole estate, the bond is underwritten on the receiver’s credit and finances, and a large receivership can require collateral. Chapter 7.60 RCW lets the court approve alternative security — a letter of credit or a deposit of funds with the clerk — in lieu of a bond. We’ll flag what applies, and the cost can be charged against the estate.

Washington StatuteRCW 7.60.045, part of Washington’s receivership chapter (chapter 7.60 RCW, “Receivers”), requires a receiver, before entering upon the duties of receiver, to execute a bond with one or more sureties approved by the court, in the amount the court specifies, conditioned that the receiver will faithfully discharge the duties of receiver in accordance with the orders of the court and state law. Unless the court orders otherwise, the bond runs in favor of all persons having an interest in the receivership proceeding or property held by the receiver and in favor of state agencies. In lieu of a bond the court may approve alternative security, such as a letter of credit or a deposit of funds with the clerk of the court.

You need this bond if you’re

A court-appointed receiver taking control of a business, real estate, or assets in litigation
A general or custodial receiver under Washington’s receivership chapter (chapter 7.60 RCW)
A special master or referee directed to hold or manage property
Counsel arranging the bond so the receiver can post it and enter on duties under the order of appointment

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 Washington receiver bond?It is the bond a court-appointed receiver posts before entering on duties, to guarantee faithful management of the property placed in receivership. Under RCW 7.60.045, the bond is conditioned that the receiver will faithfully discharge the duties of receiver in accordance with the orders of the court and state law, in the amount the court specifies.
How much does it cost?It is underwritten, not flat-rated. The court specifies the penal sum, sized to 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. RCW 7.60.045 has no minimum; the amount depends on the size of the receivership and the risks in the particular case, and the bond runs in favor of all interested persons. We size and underwrite the bond to whatever amount the order of appointment specifies.
Can the court accept something other than a surety bond?Yes. Under RCW 7.60.045 the court may, in lieu of a bond, approve alternative security such as a letter of credit or a deposit of funds with the clerk of the court. We’ll tell you which path fits your order, and the cost of the bond or alternative security can be charged against the estate.
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 with sureties approved by the court, ready to file so the receiver can enter on duties.
Related bonds

Other Washington bonds.

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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