New Jersey Health Care Service Firm Bond

A Health Care Service Firm Bond is a type of surety bond required in New Jersey for applicants filing a notification with the Attorney General of the State of New Jersey for a Health Care Service Firm authorization by act of the legislature of the State of New Jersey. The health care service surety bond is conditioned upon faithful fulfillment of all service or product contracts, along with and no bankruptcy filing or similar protection sought under state law. Any person who engages into a service or product contract and is damaged by reason of breach of contract or bankruptcy by the bonded principal may take action against the bond for reimbursement of damages.