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M. BURR KEIM AGENCY · License & Permit Surety Bonds · Reviewed November 2026

Nursing Home Resident Funds Bond

A nursing home resident funds bond is a surety bond required by some states to protect money that a nursing home holds in trust for residents. It gives residents and the state a recovery source if resident funds are misappropriated or not accounted for.

Apply for This Bond Online How to Apply Questions

At a glance

Product
Nursing Home Resident Funds Bond
Category
License & Permit Surety Bonds
Required amount
State licensing agencies set the bond amount, often based on the amount of resident funds held or a fixed schedule. Some states require a minimum amount and adjust it as the resident trust grows. Confirm the exact amount and obligee with the state health or licensing agency.
Online issue
Instant issue up to $50,000. With acceptable credit, instant issue is available above $50,000 up to $100,000. If the state requires a specialized bond form or a higher amount, the application may need underwriting review.
Term
Resident funds bonds are usually written for a one-year term and renewed with the license. Some states require a bond that runs for the full license period or a continuous term. Follow the state licensing agency’s instructions.

Who needs a nursing Home Resident Funds Bond?

  • Nursing homes, assisted living facilities, and residential care facilities that hold resident funds in trust.
  • Facilities applying for a state license or renewing a license where a resident funds bond is required.
  • Operators confirming the bond amount and obligee required by a state health or licensing agency.

Why is a nursing Home Resident Funds Bond required?

Residents of nursing homes and care facilities may entrust the facility with personal funds for laundry, telephone, or other expenses. The bond protects those funds if the facility fails to account for them or misappropriates them, and it gives the state a recovery source.

The bond is required as a condition of licensure in some states and does not replace the facility’s bookkeeping, fiduciary controls, or insurance coverage.

How much bond do I need?

State licensing agencies set the bond amount, often based on the amount of resident funds held or a fixed schedule. Some states require a minimum amount and adjust it as the resident trust grows. Confirm the exact amount and obligee with the state health or licensing agency.

Instant issue up to $50,000. With acceptable credit, instant issue is available above $50,000 up to $100,000. If the state requires a specialized bond form or a higher amount, the application may need underwriting review.

Bond amount is not the premium. The required amount is the maximum the surety could pay under the bond. The premium you pay is a separate charge based on the bond amount, the risk, the term, and your credit. The online application shows the premium before you bind coverage.

How much does a nursing Home Resident Funds Bond cost?

Premium depends on the bond amount, the state, the license term, and the applicant’s credit. Resident funds bonds are typically inexpensive relative to the amount held in trust. Apply online for the current premium.

How to apply online

  1. Confirm the bond amount and obligee. Use the amount and legal name of the agency, court, client, or government entity that requires the bond. The obligee name must match the requiring party’s records.
  2. Gather the application information. Have the legal business or entity name, address, license or case number, ownership information, and the required bond amount ready.
  3. Start the CNA Surety application. Use the online application link on this page. The link includes the M. BURR KEIM AGENCY app code and agency code, so the application is routed to our agency.
  4. Pay the premium and bind coverage. If the bond is eligible for instant issue, the application will show the premium and let you complete the purchase online. Otherwise, the surety will review the application and contact you if additional information is needed.
  5. File the bond. Provide the issued bond to the agency, court, client, or government entity that requires it, and keep a copy for your records.
Apply for This Bond Online All Bonds

Nursing Home Resident Funds Bond term and renewal

Resident funds bonds are usually written for a one-year term and renewed with the license. Some states require a bond that runs for the full license period or a continuous term. Follow the state licensing agency’s instructions.

Good to know

  • Confirm whether the state requires the bond to cover the facility’s total resident trust balance or a fixed minimum amount.
  • If the facility operates multiple locations, confirm whether the state requires a separate bond for each location.

Nursing Home Resident Funds Bond questions

A nursing home resident funds bond is a surety bond required by some states to protect money that a nursing home holds in trust for residents. It gives residents and the state a recovery source if resident funds are misappropriated or not accounted for.

Nursing homes, assisted living facilities, and residential care facilities that hold resident funds in trust. Facilities applying for a state license or renewing a license where a resident funds bond is required. Operators confirming the bond amount and obligee required by a state health or licensing agency.

Premium depends on the bond amount, the state, the license term, and the applicant’s credit. Resident funds bonds are typically inexpensive relative to the amount held in trust. Apply online for the current premium.

State licensing agencies set the bond amount, often based on the amount of resident funds held or a fixed schedule. Some states require a minimum amount and adjust it as the resident trust grows. Confirm the exact amount and obligee with the state health or licensing agency. Instant issue up to $50,000. With acceptable credit, instant issue is available above $50,000 up to $100,000. If the state requires a specialized bond form or a higher amount, the application may need underwriting review.

Apply online through CNA Surety using the application link on this page. The link includes the M. BURR KEIM AGENCY app code and agency code, so the application is routed to our agency. Complete the application, pay the premium online if the bond is eligible for instant issue, and then file the bond with the agency, court, or client that requires it.

The bond generally protects resident funds that the facility holds in trust. If the facility misappropriates or fails to account for those funds, the bond can respond up to the bond amount. The state statute and bond form control the exact coverage.

No. Bond requirements for nursing homes and residential care facilities vary by state. Some states require a resident funds bond, some require a different form of financial assurance, and some rely on other licensing controls. Check the state health or licensing agency’s current requirements.

Online application and important note

Bond requirements, forms, amounts, and fees are set by the requiring agency, court, or carrier and can change. This page is general information, not legal advice. Confirm the current requirement with the agency, court, client, or your attorney before applying. M. BURR KEIM AGENCY is an insurance and surety bond agency; the bond or policy is issued by the carrier named on the document.