The State Of Michigan requires that each licensee or licensee-applicant post a surety bond in an amount equal to at least 1-1/4 times the average balance of a patients' funds held by such licensee or licensee-applicant during previous year. These funds must be held seperately and in trust for all patient's funds deposited with the Principal who administer said funds on behalf of said patients in manner directed by depositor thereof, shall render true and complete accounts to patients...From Jenne's Surety Resource