CT third party administrator bonds.
Flat 3%. Enter your amount.
Connecticut conditions a third party administrator license on a surety bond under CGS 38a-720j, filed with the Insurance Department. The statute sets a floor of not less than $500,000 — we issue it at a flat 3% with no credit check.
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Apply to filed in one sitting.
Enter your amount, pay, and file with the Insurance Department. Here is the whole thing:
Apply online
Your business details, the bond amount the statute or commissioner set, and the effective date — that is the entire application.
Issued after a brief look
Larger surety amounts like the TPA bond get a quick underwriting review; if anything is needed, you hear from an underwriter within 48 hours. No credit pull on this bond.
File with the Insurance Department
Submit the executed bond as a condition of your TPA license or renewal. Wet-ink originals mailed whenever the department insists.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure the Insurance Department requires and the premium updates.
What it is and who needs it.
What the TPA bond actually covers
A third party administrator collects premiums or settles claims for insurers and self-funded plans. Connecticut licenses TPAs through the Insurance Department and, under CGS 38a-720j, requires a surety bond sufficient to protect insurers and other persons using the TPA's services — but not less than $500,000.
The bond is a financial-responsibility guarantee: it stands behind the funds the TPA handles for insurers and plan members. If the TPA mishandles those funds and someone is harmed, they can recover against the bond — and if the surety pays, the TPA repays the surety.
The statute offers an alternative: the commissioner may waive the bond if the applicant submits audited annual financial statements for the two most recent fiscal years proving a positive net worth. TPAs administering governmental or church self-insured plans can have separate bond requirements. Whatever amount applies, we issue it at a flat 3% with no credit check.
You need this bond if you are
Five minutes to apply.
Submit the application with the bond amount the Insurance Department requires — the TPA bond gets a quick underwriting look, with no credit pull.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
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Other New York bonds.
TPA bond, priced honestly.
Five-minute application, flat 3%, $275 minimum. Enter the amount the Insurance Department requires and file it.