Surety Bond Encyclopedia

Professional Conservator Probate ($50,000) Bond - Statewide in Connecticut

Brief Summary

This bond is a condition of the Probate Court Administrator's conservator contract, not something a judge picks case by case. The contract sets a $50,000 minimum and lists it right next to three $1,000,000 liability policies, so line the bond up with your insurance and send the certificates in together.

Connecticut's Office of the Probate Court Administrator contracts with professional conservators who serve clients for a flat $90 per client per month. The sample contract requires the contractor to carry a Professional Conservator Probate Bond with a minimum coverage limit of $50,000, along with general liability, professional liability and automobile liability insurance of at least $1,000,000 each. The Administrator is certificate holder on all policies and must receive 30 days prior notice of cancellation.

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How to Apply for a Professional Conservator Probate ($50,000) Bond:

Confirm you are entering the Probate Court Administrator's contract conservator program.
Full legal name of the contracting individual or organization exactly as it will appear on the agreement.
Owner or principal details for the surety's underwriting review.
Bond application, signed indemnity agreement and premium payment.
Certificates for general, professional and automobile liability coverage of at least $1,000,000 each.
Agency Vendor Form SP-26NB and IRS W-9 sent to the Probate Court Administrator.

Detailed Information About the Connecticut Professional Conservator Probate ($50,000) Bond:

Who this bond is for

The Connecticut Probate Courts list a third party surety bond among the quality control requirements for contract conservators. The sample Memorandum of Agreement between the State of Connecticut, Office of the Probate Court Administrator and the contractor sets it as a Professional Conservator Probate Bond with a minimum coverage limit of $50,000. It sits in the same list as the insurance the contractor must carry.

The rest of the coverage list

General liability insurance, minimum $1,000,000, with the Administrator named as additional insured
Professional liability insurance, minimum $1,000,000
Automobile liability insurance, minimum $1,000,000 per occurrence
The Administrator as certificate holder on all policies, with 30 days prior notice of cancellation

The contractor furnishes certificates showing compliance.

Other contract conditions

Contract conservators must also keep criminal background checks, caseworker availability around the clock and 3 hours of continuing education a year, and the contract asks the contractor to maintain at least 10 conservatorship appointments. Every conservator the court appoints must be qualified under C.G.S. section 45a-650(h) and follow the Connecticut Standards of Practice for Conservators. New vendors also send the State Agency Vendor Form SP-26NB and an IRS W-9.

How the contract pays

The flat rate is $90 per client per month for service as conservator of the person, the estate or both, plus a one-time $1,300 for handling a Title XIX application. The sample agreement renews each year on July 1. Either side can end it on 90 days written notice, and the Administrator can end it immediately for reasons that include a breach, the court removing the conservator, or the contractor falling below 10 appointments.

Before the bond is issued

The posted agreement is a sample. Confirm the current bond amount, wording and certificate steps with the Office of the Probate Court Administrator at (860) 231-2442, and ask whether any individual case also calls for its own probate bond.

Eligibility and Requirements for a Connecticut Professional Conservator Probate ($50,000) Bond:

Professional Conservator Probate Bond with a minimum coverage limit of $50,000.
Office of the Probate Court Administrator listed as certificate holder.
30 days prior notice of cancellation to the Administrator.
Qualification under C.G.S. section 45a-650(h) and adherence to the Connecticut Standards of Practice for Conservators.
Criminal background checks and 3 hours of annual continuing education.

Connecticut Professional Conservator Probate ($50,000) Bond FAQs:

Is $50,000 a fixed amount or a floor?

A floor. The sample contract calls for a Professional Conservator Probate Bond with a minimum coverage limit of $50,000.

Does every Connecticut conservator need this bond?

It is a requirement of the Probate Court Administrator's contract conservator program. A court may handle bonding in an individual case on its own terms, so ask the court whether a case bond is also needed.

What insurance goes with it?

General liability, professional liability and automobile liability, each with a minimum of $1,000,000. The Administrator is named as additional insured on the general liability policy and as certificate holder on all of them.

How are contract conservators paid?

A flat $90 per client per month for serving as conservator of the person, the estate or both, plus a one-time $1,300 for handling a Title XIX application.

What happens if coverage is cancelled?

The contract requires 30 days prior notice of cancellation to the Administrator. Losing required coverage puts the contract at risk, so replace it before the cancellation takes effect.