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. 

​Although probate court matters may seem simple, and court personnel may accept filings directly from applicants, many intricacies are involved with any estate.

When an estate bond is issued, applicant is ultimately responsible for any liability, but insurance carrier issuing bond is initially responsible for claims against bond. Under certain circumstances, if estate administrator disburses money not pre-authorized by court, bond could be ordered to pay.  This is even if expense was incurred for benefit of estate, even if no malfeasance was intended.  Many other difficult estate issues may arise throughout the estate administration.  We highly recommend to obtain a qualified attorney.

While probate courts will accept filings ...