Office of the Public Guardian, 'Surety bonds: Public Guardian practice note' (SD15 09.16, 20/9/16)
Security bonds "This practice note (SD15) explains what OPG expects from a bond provider, so that its surety bonds are suitable for deputies." PDF version published on Gov.uk on 17/4/23. Superseded by Office of the Public Guardian, 'Public Guardian practice note (SD15): OPG’s approach to surety bonds' (updated 23/6/23).
Gov.uk text
The Office of the Public Guardian (OPG) supervises deputies appointed by the Court of Protection.
The court tells most deputies to get a ‘surety bond’ (also called a ‘security bond’). The bond is insurance that protect the assets of the person whose affairs and property the deputy is managing.
OPG has set up a scheme for surety bonds, but deputies can get a bond from a provider that isn’t in the scheme.
This practice note (SD15) explains what OPG expects from a bond provider, so that its surety bonds are suitable for deputies.
Updates
- 17 April 2023 - Uploaded PDF.
- 11 April 2023 - Updated to reflect changes to the 'Scheme' - a framework of three providers instead of the single provider previously available.
- 8 August 2019 - We have made a change to the section 'Expectations for the Bond' to reflect a recent court ruling.
- 31 August 2017 - Added Welsh-language translation
- 20 September 2016 - Practice note has been updated to reflect a change to OPG's approved bond supplier from October 2016.
- 6 December 2012 - First published.