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Insurance Brokerage.
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Kaercher & Associates
Insurance Brokerage
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Equity Court Bonds
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Trustees and receivers involved in the sale of real estate or other property in partition, foreclosure or reorganization should secure equity bonds with courts of equity, sometimes called courts of chancery. Trustees and receivers are not required to invest any assets or be responsible for any other duties or administration other than the sale and distribution of proceeds from real estate or other property.
This table shows maximum rates for uncollateralized bonds. Rates may vary based upon financial review.
| Type of Bond |
Rates
Per $1000 |
Minimum Annual Premium |
Required
Underwriting
Information |
| All Bonds |
Bonds Exceeding $5,000 |
| Trustees for Sale of Real Estate |
$10 |
$100 |
A,B,C |
D |
| Receivers/Trustees to Manage Property or Business |
$5 |
$100 |
A,B,C |
D |
| Trustees Appointed for the Benefit of Creditors |
$10 |
$100 |
A,B,C |
D |
Underwriting Key
A. Complete Short Form Application
B. Copy of Court Order Requiring the Bond
C. Corporate Financial Statement
D. Personal Financial Statement
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