Abandoned Property Bonds
Executive Bond Services writes Abandoned Property bonds that are required by various States. These bonds indemnify the State when it returns unclaimed property to a claimant in the event that the claimant proves not to be the proper owner. The sureties underwrite these bonds upon completion of an application and presentation of the letter issued by the State holding the funds. The premium charged for these bonds is a one-time premium although the bond remains active until the statute of limitations expires.