Maine third party administrator bonds.
From $100.
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. The premium is 1% of the bond amount, $100 minimum — your exact price appears at the application.
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How much does a Maine third party administrator bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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:
Apply online
Your business details, the bond amount your license requires, and the effective date — that is the application.
Issued on the spot
No credit check up to $50,000. Above $50,000, a soft pull may add a short review.
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.
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 your price appears at the application, starting from $100; no credit check up to $50,000.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A court bond answers to the court and the party its order protects: if the judgment or order the bond secures is not satisfied, that party can claim against it, up to the penal sum the court set.
The surety pays a valid claim after the court rules, and you repay the surety. A court bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
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.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $50,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, 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 →Common questions.
Other Maine bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
TPA bond, issued today.
Premiums from $100. Enter the amount your license requires and file the same day.