refund of surety bonds?

[jude11142]

I live in Connecticut. I was appointed conservatrix for my father. I had to pay for a surety bond, 2 yrs in a roll. I am no longer conservatrix. Do I get refunded for those bonds? Final accounting was fine and probate judge and all parties involved signed off on it.

Thank you

Jude

[mrbond]

Jude,
It depends on the surety company that wrote your bond. Generally, the first year is fully earned, and subsequent years are prorated subject to the applicable minimum which is usually $100.
In any event, it's a good idea to send copies of the closing papers to your company so they can stop future renewals. Just ask them for any applicable refund when you send it.

[Unregistered]

what is the different between surety bond and cash bond?

[Admin]

"Cash bond" is a term used for bail bonds, which are also surety bonds, but not the type that our agency deals with.

The surety bonds we write guarantee business licences, construction, etc.