If you are engaged in the operation of a PCA agency in Minnesota you are required under section 256B.0659, Subdivision 21 of the Minnesota Statutes to file a Minnesota Health Care Programs (MHCP) Bond as a condition of licensure.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Minnesota Health Care Programs (MHCP) Bond holds you accountable for your business decisions.
By possessing a Minnesota Health Care Programs (MHCP) Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.