(844) 589-9732

Kentucky Patient Trust Fund Bond

June 3, 2020

The Kentucky patient trust fund is offered by AmeriPro Surety Bonds in whatever amount required of you by statute. Also, up to and inclusive of a $50,000 requirement, we provide this bond without a credit check inquiry. Please call our agency today:  844-589-9732.

Kentucky Patient Trust Fund Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Surety Bond and Its Purpose

 

 

 

Businesses which provide nursing and health facilities in Kentucky are required by the state’s Cabinet for Health Services, Division of License and Regulations, to provide evidence of financial responsibility in the form of a surety bond.

The amount of the surety bond required will be determined by the Division; and, according to 42 CFR 483.10 (vi) should be in an amount sufficient to cover all funds of residents deposited in the facility.

The surety bond, while statutorily required of you, serves as a financial guarantee for your patients that funds deposited with them will be used in accordance with Kentucky state law.

 

 

 

Qualifying and the Premium

 

 

 

Up to and inclusive of a $50,000 requirement, our agency provides you with the Kentucky patient trust fund bond without a credit check inquiry.

Regardless of the amount of surety required, included in what we ask you – in addition to the basics (name as it should appear on your bond, and contact information) --- will be the following:

  • the numberered bond limit;
  • the 1st, 2nd and 3rd scheduled location and address;
  • the 1st, 2nd, and 3rd penal sums.

For surety bond amounts greater than $50,000, you will need to complete, sign, and have witnessed your surety bond application (it doesn’t need to be notarized); we’ll begin the application with you by phone, however.

To be approved for the patient trust fund bond in an amount greater than $50,000, good credit is required.

Regardless of your surety bond amount, upon approval of your bond and payment of the premium, our agency issues your bond to you immediately.

Included with your surety bond will be a Power of Attorney form. We’ll sign your bond as Surety; you will sign it as Principal.

All completed documents will be filed by you to:

Cabinet for Health Services

275 East Main Street

5E-A

Frankfort, KY 40621

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, Court, probate, and other surety bonds in Kentucky and all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and a Surety Agent will call you...

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