ME third party administrator bonds.
Flat 3%. Enter your amount.

The bond a third party administrator files with the Maine Bureau of Insurance under Title 24-A. The amount scales with the premiums you collect and claims you pay, so the Bureau or your license tier sets the figure — and we issue it at a flat 3% with no credit check.

Required for a Maine third party administrator license under Title 24-A
Amount scales with premiums collected and claims paid — the Bureau sets the figure
Flat 3%, no credit pull — enter your required bond amount and the premium updates
Flat 3%of your bond amount$275minimum premiumNo creditcheck to issue
Trusted by industry leaders
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
NYCEDC
BDG
Capital
McKinney
Terra
JLL
Triple Five
Georgetown
How it works

Apply to filed in one sitting.

No underwriting queue for the standard TPA bond — enter your amount, pay, and file with the Bureau of Insurance. Here is the whole thing:

TODAY · 5 MINUTES

Apply online

Your business details, the bond amount your license requires, and the effective date — that is the entire application.

INSTANTLY

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.

SAME DAY

File with the Bureau of Insurance

Submit the executed bond with your TPA license application or renewal. Wet-ink originals mailed whenever the Bureau insists.

The whole pricing page.

Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure your license requires and the premium updates.

$50,000 bond
$1,500
$100,000 bond
$3,000
$250,000 bond
$7,500
About this bond

What it is and who needs it.

What the TPA bond actually covers

A third party administrator collects premiums and adjusts or settles claims on behalf of insurers and benefit plans. Maine licenses TPAs through the Bureau of Insurance under Title 24-A, and a surety bond stands behind the funds you handle in that fiduciary role.

The bond is a fiduciary guarantee: it is conditioned on your compliance with the Maine Insurance Code and the faithful handling of the money that passes through your accounts. If you breach those duties and someone is harmed, they can recover against the bond.

Because the figure scales with your business volume — generally a percentage of premiums collected plus claims paid, subject to a statutory minimum and maximum — the amount is whatever the Bureau or your license tier requires. Enter that figure and we issue the bond at a flat 3% with no credit check.

Title 24-A (Maine Insurance Code, TPA provisions)Maine third party administrators are licensed by the Bureau of Insurance under the TPA provisions of Title 24-A, which require a surety bond (or trust deposit) conditioned on compliance with the Insurance Code and faithful handling of fiduciary funds. The required amount is generally tied to premiums collected and claims paid, subject to a statutory floor and ceiling — confirm your figure with the Bureau.

You need this bond if you are

Applying for a Maine TPA license through the Bureau of Insurance
Renewing a TPA license whose bond amount changed with your volume
Administering claims or premiums for insurers or self-funded plans in Maine
Re-filing at a higher amount as premiums collected and claims paid grow

Five minutes, issued on the spot.

Submit the application with your required bond amount — the executed bond is generated instantly, ready to file with the Bureau of Insurance.

Start the application →
FAQs

Common questions.

If yours isn't here, the bond team can usually answer within the hour.

How much is the Maine TPA bond? +
The premium is a flat 3% of the bond amount, with a $275 minimum. The amount itself scales with your business — typically a percentage of premiums collected plus claims paid, subject to a statutory floor and ceiling. Enter the figure your license requires and the quote updates.
How is the bond amount set? +
It is generally calculated from the premiums you collect and the claims you pay, with a statutory minimum and maximum. The Bureau of Insurance confirms the required figure for your license — send us your notice and we will issue exactly that amount.
Is there a credit check? +
No — the TPA bond is issued with no credit pull. Larger bond amounts may get a quick soft-pull review, which never affects your credit score.
What does the bond protect against? +
It backs your fiduciary handling of premiums and claims and your compliance with the Maine Insurance Code. If you breach those duties and someone is harmed, they can recover against the bond — and if the surety pays, you repay the surety.
Where do I file it? +
With the Maine Bureau of Insurance, as part of your TPA license application or renewal. We issue the executed bond ready to submit.
Related bonds

Other New York bonds.

TPA bond, issued today.

Five-minute application, flat 3%, $275 minimum. Enter the amount your license requires and file the same day.

Your premium @ 3%$1,500
Apply now →