IL third party administrator bonds.
Flat 3%. $50,000 minimum.
Illinois requires a licensed third party administrator that holds funds in a fiduciary capacity to file a fidelity bond with the Department of Insurance under 215 ILCS 5/511. The statutory minimum is $50,000; we issue whatever amount applies at a flat 3% with no credit check.
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Apply to filed in one sitting.
No underwriting queue for the standard TPA fidelity bond — enter your amount, pay, and file with the Department of Insurance. Here is the whole thing:
Apply online
Your business details, the bond amount your license requires, and the effective date — that is the entire application.
Issued on the spot
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with the Department of Insurance
Submit the executed bond with your TPA license application or renewal. Wet-ink originals mailed whenever the Department insists on them.
The whole pricing page.
Bond amount × 3% = your premium, one-time. The bond starts at the $50,000 statutory minimum — $50,000 × 3% = $1,500.
What it is and who needs it.
What the TPA bond actually covers
Illinois licenses third party administrators — firms that collect premiums or adjust or settle claims for insurers and benefit plans — through the Department of Insurance under Article XXXI¼ of the Insurance Code (215 ILCS 5/511 et seq.). A TPA that maintains funds in a fiduciary capacity must file and maintain a fidelity bond while licensed.
The bond runs in favor of the people of the State of Illinois, payable to any party injured under its terms. It backs the administrator’s honest handling of the funds it holds — it is a fidelity guarantee, not insurance for the TPA.
By statute (215 ILCS 5/511.104) the amount is 5% of the aggregate funds administered, with a $50,000 minimum and a $1,000,000 maximum. The license automatically terminates if the bond is not in force, so we track it and notify you well before expiration.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with your required bond amount ($50,000 minimum) — the executed bond is generated instantly, ready to file.
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 fidelity bond, issued today.
Five-minute application, flat 3%, $50,000 statutory minimum. Enter your required amount and file with the Department of Insurance the same day.