The Illinois Resident Fund Bond is required by the Illinois Department of Public Health. The bond is required when residents with long-term care are employed at a long-term care facility where they are now accepting or are about to accept funds from some or all of the residents for management and safekeeping. The bond also states that these long-term care facilities will comply with the Nursing Home Care Act.
The Illinois Resident Fund Bond is needed to comply with the Section 20201 of the Nursing Home Care Act where it states that if a facility elects to accept and manage the funds of some or all of its residents, the facility shall purchase a surety bond to guarantee the security of such residents’ funds. The bond ensures the state that the facility will manage the funds of the resident properly.
Just complete our online application form and wait for a call from one of our licensed agents who will give you a quote for the bond premium within one business day of submission of the form.
For all your surety bond needs, Surety1 can assist you with all of them. We have been issuing surety bonds since 2003, and our clients come from all 50 states. Our process for getting the bond is simple. After you have paid the bond premium and signed the agreement, you have the option of choosing to receive your surety bond via USPS Priority Mail or overnight delivery.
Surety1 is the best choice for any surety bond you will need. Not only do we maintain an A+ rating from the Better Business Bureau, but we also offer some of the lowest rates in the market. Apply now for your Illinois Resident Fund Bond.