MN third party administrator bonds.
Flat 3%. Enter your amount.
A Minnesota third party administrator can file a surety bond with the Department of Commerce in lieu of an unlimited guarantee from a parent company, under Minn. Stat. 60A.23, subd. 8. The commissioner sets the amount — generally 120% of the claims you handled last year — and we issue it 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 bond — enter your amount, pay, and file with Commerce. Here is the whole thing:
Apply online
Your business details, the bond amount the commissioner set, 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 Commerce
Submit the executed bond with your TPA license application 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 commissioner set and the premium updates.
What it is and who needs it.
What the TPA bond actually covers
Minnesota licenses third party administrators — companies that collect premiums or adjust or settle claims on behalf of insurers — through the Department of Commerce under Minn. Stat. 60A.23, subd. 8. To be licensed, an administrator must show financial responsibility, usually through an unlimited guarantee from a parent corporation.
Where there is no such parent guarantee, the statute lets the commissioner accept a surety bond instead, in an amount equal to 120% of the total claims the applicant handled in the prior year. The bond protects the insurers and the public the administrator serves against losses from theft, dishonesty, or failure to remit.
Because the amount is set case by case from your prior-year volume, there is no single statutory figure — you enter what the commissioner required. We issue it at a flat 3% with no credit check, the same honest pricing as every bond we write.
You need this bond if you are
Five minutes, issued on the spot.
Submit the application with the bond amount the commissioner set — the executed bond is generated instantly, ready to file with Commerce.
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, issued today.
Five-minute application, flat 3%, $275 minimum. Enter the amount the commissioner set and file with Commerce the same day.