A Louisiana third party administrator files a surety bond with the Department of Insurance as its financial guarantee to the Commissioner. For a $50,000 bond, ours is $1,500 flat — 3% of the bond amount. The application is five minutes, with no credit check on this bond.
















License bonds are the simplest thing in surety. Here's the entire process:
Business details and an effective date. That's the application — no credit check section on this bond.
Bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to file with your TPA license application or renewal. Wet-ink original mailed on request.
$50,000 bond × 3% = $1,500, one-time per term. Fixed amount, fixed price, multi-year if you want it.
A third party administrator collects premiums, adjusts claims, or otherwise administers insurance business on behalf of insurers. Louisiana licenses TPAs through the Department of Insurance under the third-party-administrator provisions of the Insurance Code (Title 22), and conditions the license on a surety bond filed with the Commissioner.
The bond is the administrator's financial guarantee to the Commissioner of Insurance that it will discharge and perform its duties under Titles 22 and 23 and all other applicable laws. If a TPA fails to account for funds it handles or otherwise breaches those obligations, the bond stands behind the loss.
It is not insurance for you — if the surety pays a claim, you repay the surety. The Department sets which bond amount applies; this page is the $50,000 filing. If your instructions call for $100,000, use that page instead — we'll point you to it.
These are the actual issuing fields — no credit check section, because this bond doesn't have one.
Start the application →If yours isn't here, the bond team can usually answer within the hour.
$1,500 flat, five-minute application, bond often issued in the same sitting. Free until issued.