North Dakota third party administrator bonds.
From $100.
The bond a North Dakota third party administrator files with the Insurance Department to hold a certificate of authority. Under N.D.C.C. ch. 26.1-27 the Commissioner sets the amount — generally the greater of $100,000 or 10% of the coverages you administer in North Dakota — and we issue it from $100, with your exact price shown at the application.
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How much does a North Dakota 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.
Enter your amount, pay, and file with the Insurance Department. Above $50,000, a soft pull may add a short review. Here is the whole thing:
Apply online
Your business details, the bond amount the Commissioner set, 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 Insurance Department
Submit the executed bond with your certificate of authority application or renewal. Wet-ink originals mailed whenever the Department insists.
What it is and who needs it.
What the TPA bond actually covers
North Dakota regulates third party administrators — businesses that collect premiums or adjust and settle claims for insurers or self-funded plans — under N.D.C.C. ch. 26.1-27. You can't act as an administrator without a certificate of authority from the Insurance Department, and the bond is part of that filing.
The bond is for the protection of the Commissioner and the people whose premiums and claims you handle. If an administrator mishandles funds or fails to perform, the harmed parties can recover against the bond — and if the surety pays, you repay the surety.
The Commissioner sets the amount, generally the greater of $100,000 or 10% of the aggregate coverages you administer in North Dakota, and can adjust it as your book changes. Note that a fidelity bond does not satisfy this requirement — it must be a surety bond. Enter the figure on your notice; premiums start from $100 and 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 Insurance Department. Submit the executed bond with your certificate of authority application or renewal. Wet-ink originals mailed whenever the Department 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 the bond amount the Commissioner set — the executed bond is generated quickly, ready to file with the Insurance Department.
Start the application →Common questions.
Other North Dakota 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 the Commissioner set and see your exact price.