Public Guardian practice note: surety bonds
What the Office of the Public Guardian expects from companies who give surety bonds to court-appointed deputies.
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The court tells most deputies to get a ‘surety bond’ (also called a ‘security bond’). The bond is insurance that protect the assets of the person whose affairs and property the deputy is managing.
OPG has set up a scheme for surety bonds but deputies can get a bond from a provider that isn’t in the scheme.
The practice note explains what OPG expects from a bond provider, so that its surety bonds are suitable for deputies.