Alabama Administrator or Executor Bond 

Alabama Administrator or Executor Bond

In Alabama, the person who is placed in charge of an estate after the owner’s death, appointed as administrator by a court or named executor in a will, must obtain an Administrator or Executor Bond. The administrator or executor is commonly referred to as the personal representative. The bond requirement is found in Title 43, Chapter 2 of the Code of Alabama, which states that the bond will be used to reimburse a person who is injured by a violation of the rules and regulations the personal representative must follow. 

Jet Insurance Company offers the Administrator or Executor Bond as a guarantee to probate courts that the administrator/executor will carry out their obligations without negligence or willful harm.

APPLY FOR BOND

With Jet, you can apply for your Administrator or Executor Bond through our streamlined bond process, making it quicker and easier for you to apply, purchase, and file the bond so you can focus on performing your duties.

What Is the Cost of an Administrator/Executor Bond?

A bond can be purchased from Jet for just a small portion of the bond limit required. When you apply for a quote, Jet will review the bond limit and run a soft credit check as part of the underwriting process. Higher limits may require additional information; if this is the case, a Jet team member will reach out to you.

How Is the Bond Limit Determined?

The Executor or Administrator Bond limit is determined by a calculation of the total capital value of the estate plus the estimated income for one year minus the worth of securities deposited, as indicated in Section 43-2-851. The limit must be held in an appropriate amount to protect the estate; the court can reduce or increase the bond limit as needed.

What Is the Purpose of the Executor or Administrator Bond?

The Administrator or Executor Bond requirement is written in the Code of Alabama, 1975 as a measure that guarantees that the person who is left in charge of the estate’s assets will be attentive to completing their duties honorably. If there is a failure to administer the assets or execute the will faithfully, the bond will make reparations to the injured party. 

A surety bond is required for all personal representatives carrying out the provisions of the will or handling the estate. An exception to the bond requirement is if the will explicitly states that a bond is not required. However, a court may still impose a bond if there is reason to believe that the estate will be wasted.

How to Apply for the Executor/Administrator Bond With Jet

Applying for your Administrator or Executor Bond is easy with Jet! Our online application will ask for only the information that is needed to get you a quote, including the bond limit and a copy of the will (if applicable). After you have finished filling it out, your application will be reviewed by a member of Jet’s underwriting team. If any additional information is needed to get you a quote, we will let you know. Once the short review is finished, you will receive an email with an approved quote that is ready to purchase online. A digital copy of the bond and the receipt of purchase will be sent in an email after payment is made.

Is It Possible to Cancel My Administrator or Executor Bond? Are Refunds Available?

Yes, you can cancel your bond by providing written notice to Jet. To make it simple, an email to bonddept@jetsurety.com will be sufficient. That said, these bonds are generally fully earned for the first year of coverage, meaning if you had paid for a one-year term a refund is not available. However, if you purchased multiple years in advance, you may be eligible for a refund for the remaining time left after the court releases Jet from liability.

Does the Administrator/Executor Bond Need to Be Renewed?

You must have an active bond while you are fulfilling your duties. Once the will has been faithfully executed or assets have been settled and the clerk can verify the completion of your obligations per Section 43-2-628, the bond is no longer needed. The clerk will release you and Jet from liability, effectively cancelling the bond. 

You will be notified well in advance of your bond term ending. If you have not completed your duties as executor or administrator, another term can be purchased to extend the bond coverage.

If Jet does not receive payment for the bond extension, our team will contact your attorney. Should the attorney make payment on your behalf, you must reimburse them. If you are not working with an attorney, Jet will notify the court and a hearing will be scheduled to ensure payment of the bond. If payment is still not made, the court will revoke power as executor or administrator and all assets shall be surrendered to the court.

How Does an Administrator or Executor Avoid Bond Claims?

An administrator or executor that is charged with the execution of a will or an estate in Alabama is obligated to follow the rules and regulations found in Title 43, Chapter 2 of the Code of Alabama. Essentially, the behavior prescribed by the Code is summed up in Section 43-2-833 and prevents misconduct in carrying out the will or protecting the benefit of the estate. 

Examples of misconduct, which can lead to a claim, are:

Claims can be filed by any person who questions the administrator or executor’s integrity in fulfilling their duties. Heirs, creditors, or successors are often the ones who lay claim against the bond. Civil action can be taken within the same county in which the letters of administration were given (Section 43-2-130), and must be after at least six months since the personal representative has been granted letters by the court (Section 43-2-131). 

What Happens if I Get an Administrator/Executor Bond Claim?

If a claim is filed against you, notify Jet immediately. Our team will look into the allegation and gather all evidence from you and whoever filed the claim. During this time, it is important for you to be honest and responsive so Jet can defend as best as we can. One method of defense can be found in Section 43-2-139; the personal representative can submit the inventory of the estate to indicate that it lowered in value for reasons that were not caused by the personal representative’s misconduct. If you are not found in violation of your duties, the claim will be dropped.

However, if your actions prove a claim to be valid, Jet is obligated to pay the claimant for damages until the full limit is exhausted (Section 43-2-137). This payout serves as an extension of your credit, and since your actions caused the claim, you must pay Jet back in the amount of the payout.

Can Jet File the Executor or Administrator Bond for Me?

Yes, Jet can! When you are purchasing your Administrator/Executor Bond, you can choose how to file the bond: have Jet send your bond to the appropriate probate court or mail it to your preferred address to submit it yourself. After purchase, you will receive an email with a digital copy and receipt to keep in your records. 

To file the bond yourself, you must mail it to the corresponding probate court found below.

County CourthousePhoneMailing Address
Autauga(334) 361-3728176 W Fifth Street
Prattville, Alabama, 36067
Baldwin(251) 937-0260208 Courthouse Square
Bay Minette, Alabama, 36507
Barbour(334) 687-1530PO Box 758
Eufaula, Alabama, 36072
Bibb(205) 926-31088 Court Sq W, Suite A
Centreville, Alabama, 35042
Blount(205) 625-4191220 Second Ave E, Room 101
Oneonta, Alabama, 35121
Bullock(334) 738-2250PO Box 71
Union Springs, Alabama, 36089
Butler(334) 382-3512PO Box 756
Greenville, Alabama, 36037
Calhoun(256) 241-28251702 Noble Street, Suite 102
Anniston, Alabama, 36202
Chambers(334) 864-43802 South Lafayette St.
Lafayette, Alabama, 36862
Cherokee(256) 927-3363260 Cedar Bluff Road, Suite 101
Centre, Alabama, 35960
Chilton(205) 755-1555PO Box 270
Clanton, Alabama, 35045
Choctaw(205) 459-2414117 South Mulberry
Butler, Alabama, 36904-2557
Clarke(251) 275-3251PO Box 10
Grove Hill, Alabama, 36451
Clay(256) 354-2198PO Box 1120
Ashland, Alabama, 36251
Cleburne(256) 463-5655120 Vickery Street, Room 101
Heflin, Alabama, 36264
Coffee(334) 897-2211PO Box 311247
Enterprise, Alabama, 36331
Colbert(256) 386-8542PO Box 47
Tuscumbia, Alabama, 35674
Conecuh(251) 578-1221PO Box 149
Evergreen, Alabama, 36401
Coosa(256) 377-4919PO Box 218
Rockford, Alabama, 35136
Covington(334) 428-2510PO Box 789
Andalusia, Alabama, 36420
Crenshaw(334) 335-6568 Ext. 226PO Box 328
Luverne, Alabama, 36049
Cullman(256) 775-4665PO Box 970
Cullman, Alabama, 35056
Dale(334) 774-2754PO Box 580
Ozark, Alabama, 36361
Dallas(334) 876-4830PO Box 987
Selma, Alabama, 36702
DeKalb(256) 845-8510300 Grand Avenue SW, Ste 100
Fort Payne, Alabama, 35967
Elmore(334) 567-1140PO Box 280
Wetumpka, Alabama, 36092
Escambia(251) 867-0297PO Box 557
Brewton, Alabama, 36427
Etowah(256) 549-5342PO Box 187
Gadsden, Alabama, 35902
Fayette(205) 932-4519PO Box 670
Fayette, Alabama, 35555
Franklin(256) 332-8801PO Box 70
Russellville, Alabama, 35653
Geneva(334) 684-5640PO Box 430
Geneva, Alabama, 36340
Greene(205) 372-3340PO Box 790
Eutaw, Alabama, 35462
Hale(334) 624-87401001 Main St.
Greensboro, Alabama, 36744
Henry(334) 585-3257101 Courtsquare, Suite A
Abbeville, Alabama, 36310
Houston(334) 677-4792PO Box 6406
Dothan, Alabama, 36302
Jackson(256) 574-9290PO Box 128
Scottsboro, Alabama, 35768
Jefferson(205) 325-5426716 Richard Arrington, Jr. Blvd
Birmingham, Alabama, 35203
Lamar(205) 695-9119PO Box 338
Vernon, Alabama, 35592
Lauderdale(256) 760-5804PO Box 1059
Florence, Alabama, 35631
Lawrence(256) 974-2439P.O. Box 310
Moulton, Alabama, 35650
Lee(334) 745-9761PO Box 2266
Opelika, Alabama, 36803
Limestone(256) 233-6427100 South Clinton Street, Suite D
Athens, Alabama, 35611
Lowndes(334) 548-2365PO Box 5
Hayneville, Alabama, 36040
Macon(334) 724-2611101 East Rosa Parks Ave, Suite 101
Tuskegee, Alabama, 36083
Madison(256) 532-3330100 North Side Square, Room 101
Huntsville, Alabama, 35801
Marengo(334) 295-2210PO Box 480668
Linden, Alabama, 36748
Marion(205) 921-2471PO Box 1687
Hamilton, Alabama, 35570
Marshall(256) 571-7764425 Gunter Ave, Suite 110
Guntersville, Alabama, 35976
Mobile(251) 574-6000PO Box 7
Mobile, Alabama, 36601
Monroe(251) 743-4107PO Box 665
Monroeville, Alabama, 36461
Montgomery(334) 832-1240PO Box 223
Montgomery, Alabama, 36101
Morgan(256) 351-4675PO Box 848
Decatur, Alabama, 35602
Perry(334) 683-2210PO Box 478
Marion, Alabama, 36756
Pickens(205) 367-2010PO Box 370
Carrollton, Alabama, 35447
Pike(334) 566-1246120 W. Church Street
Troy, Alabama, 36081
Randolph(256) 357-4933PO Box 249
Wedowee, Alabama, 36278
Russell(334) 298-7979PO Box 700
Phenix City, Alabama, 36868
Shelby(205) 669-3710PO Box 825
Columbiana, Alabama, 35051
St. Clair(205) 594-2120PO Box 220
Ashville, Alabama, 35953
Sumter(205) 652-7281PO Box 1040
Livingston, Alabama, 35470
Talladega(256) 362-4175PO Box 737
Talladega, Alabama, 35161
Tallapoosa(256) 825-4266125 N Broadnax Street, Room 126
Dadeville, Alabama, 36853
Tuscaloosa(205) 349-3870PO Box 20067
Tuscaloosa, Alabama, 35402
Walker(205) 384-7284PO Box 502
Jasper, Alabama, 35502
Washington(251) 847-2201PO Box 549
Chatom, Alabama, 36518
Wilcox(334) 682-4883PO Box 668
Camden, Alabama, 36726
Winston(205) 489-5219PO Box 27
Double Springs, Alabama, 35553
Alabama Probate Courts

Alabama Administrator or Executor Bond Form

Notary Bond Application:

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: