Lost Instrument Bond (Open Penalty)
Open-penalty lost instrument surety when the issuer requires it
Some issuers require open-penalty lost instrument bonds for Florida reissuance requests.
Or call (877) 477-7578
An open-penalty lost instrument bond protects the issuer without a fixed closed penalty cap in the bond form.
The surety bond guarantees that the principal will perform the duties required under Issuer requirements - UCC lost-instrument practice up to the penal sum.
A claim may arise if the principal fails to comply with the bonded Florida obligation or causes covered loss to the obligee or protected parties.
If a claim is valid, the surety may pay up to the bond penalty according to the bond terms; the principal remains liable to reimburse the surety.
Amount, premium, term, and the authority that requires this filing.
Owners whose Florida issuer or transfer agent specifically requires an open-penalty form.
Use the issuer’s exact open-penalty wording and underwriting package.
Share your license type, court order, or obligee form and the exact penal sum required by Issuing institution - transfer agent.
We review credit and filing details, then quote premium options through licensed surety markets.
Once approved, we issue the bond for delivery to Issuing institution or transfer agent or for your Florida filing package.
The amount is Open penalty — underwriting driven by instrument value and issuer form, as set under Issuer requirements - UCC lost-instrument practice and confirmed with Issuing institution - transfer agent.
The obligee is typically Issuing institution or transfer agent. Always match the exact name on the Florida form.
Many Florida filings can be underwritten the same day when documents and credit are complete; complex amounts may take longer.
Not always. Premium and collateral options vary by credit and bond size — ask for markets that still write the risk.
Most bonds renew on the term shown (1 Year). Keep continuity so your Florida license or filing does not lapse.
Next step
We’ll match the requirement and route the application.
Apply for this bond