1 (844) 589-9732

California Health Facility Patient Trust Fund Bond

AmeriPro Surety Bonds offers the California health facility patient trust fund bond without a credit check for any amount up to and including $50,000. Please call our agency today at: 844-589-9732.

California Health Facility Patient Trust Fund Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond Requirement and Its Purpose

 

 

 

California-operated health facilities who manage patients’ funds are required to obtain a surety bond. The bond is required as a financial guarantee for those patients that money handled will be according to California state law.

The surety bond is therefore a protection on behalf of your patients for acts of fraud, misappropriation and malfeasance in the handling of patient funds by a licensed and bonded patient facility.

 

 

 

Amount of Surety Required

 

 

 

According to California law, the amount of surety bond required depends on the amount of funds handled on a monthly basis for your customers.

Because this amount can change, you may also be required to adjust the amount of surety required as circumstances dictate.

The breakdown is as follows:

  • $750 or less — $1000 surety bond;
  • $751 to $1500 – $2000 surety bond;
  • $1501 to $2500 – $3000 surety bond;

Thereafter, every increment of $1000, or even a fraction of that amount, requires an additional $1000 surety bond.

 

 

 

Qualifying and the Premium

 

 

 

Up to and inclusive of a $50,000 surety bond requirement, our agency offers you the California health facility patient trust fund bond without a credit inquiry. This means that your application will automatically be approved.

The premium for these bond amounts is $100 or 1% of the surety bond amount, whichever amount is greater.

Applicants who require this surety bond for amounts greater than $50,000 will need to complete an application and undergo a review by our underwriter which includes a credit inquiry.

To be approved, good credit is required; our agency will not get you approved without it. The premium amount is also 1% of the surety bond required.

After your bond has approved and the premium paid, our agency issues it to you immediately. Your surety bond, along with a Power of Attorney form and a notarized document will be sent to you for filing.

Upon receipt, you’ll sign your bond as Principal and file it to:

California Department of Public Health

Licensing and Certification Program

Centralized Applications Unit

P.O. Box 997377, MS 3402

Sacramento, CA 95899-7377

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, court, probate and other surety bonds in all 50 states and Washington D.C.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will contact you…

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AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

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