2018 Probate Court Bond Information - Ohio & Indiana
Consumer Q&A on Estate Bonds, Guardianship Bonds, Probate Court Bonds

By: pavman | June 06, 2016

Civil Court Surety Bonds are unique and different from other bonds, or insurance, in many different ways.  One important distinction is that a probate bond, whether guardianship or estate, cannot be canceled without an order from the Court.


Yes, there are sometimes circumstances the principal, or the bonding company, would like to cancel a bond.  But that is not possible.  By law, only the Court can discharge, or cancel, a Surety Bond.  The insurance carrier is prohibited by law from canceling a probate bond until the Judge says it's okay.


Easy fix... once the case has concluded, judge will issue a 'FINAL ACCOUNTING' or other order that will usually contain language discharging bond.  It's often found at the very end of such order, almost unn...

By: pavman | January 15, 2016

Typically speaking with most insurance companies issuing bonds, a pro-rated refund is provided effective date of court order releasing bond.


We often have requests from guardians asking to cancel a bond.  Once an Ohio probate court guardianship bond is issued, the insurance carrier - and the guardian - are on the hook until the court issues an order discharging bond.  Insurance carrier is prohibited from canceling bond until court orders discharged.  Unlike most other insurance and bonds, a principal cannot simply request the bond be terminated.  


Simple solution: Just email us the court order discharging bond, and we'll submit to carrier for pro-rated refund (after the first year).  First year premium is always fully earned upon issuance.