SC third party administrator bonds.
Flat 3%. Enter your amount.
Every South Carolina third party administrator must file and maintain a surety bond with the Department of Insurance under S.C. Code § 38-51-30. The amount is the greater of $75,000 or 10% of the premiums you handle, capped at $500,000. We issue it at a flat 3% with one soft credit pull.
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Apply to filed in a few steps.
Enter your bond amount, consent to a soft pull, and file with the Department of Insurance. Here is the whole thing:
Apply online
Your business details, the bond amount your premium volume requires, and the effective date. The only extra step is a one-time consent to a soft credit pull.
Reviewed & approved
Most clear quickly; if underwriting needs anything, you hear from an underwriter within 48 hours. The credit check is a soft pull that never affects your score.
File with the Department of Insurance
Receive the executed bond, ready to file 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 greater of $75,000 or 10% of your SC premiums and the premium updates.
What it is and who needs it.
What the TPA bond actually guarantees
A third party administrator collects premiums and adjusts or settles claims on behalf of insurers, so South Carolina licenses TPAs and requires a surety bond. Under S.C. Code Title 38, Chapter 51, every TPA must file and maintain a bond in favor of the State with the Department of Insurance, executed by a surety authorized in South Carolina.
The bond protects the insurers and the public whose premiums and claims you handle — answering for your faithful performance and accounting of those funds. If you mishandle premiums or claims money, the harmed party can recover against the bond.
The required amount is the greater of $75,000 or 10% of the total premiums you handled in South Carolina the prior year, and it is not less than $75,000 and not more than $500,000. As your premium volume grows, you file a bond increase rider. We issue the amount you need at a flat 3% with one soft credit pull.
You need this bond if you're
Five minutes, soft pull only.
Submit the application with your required bond amount and a one-time consent to a soft credit pull — your bond is typically issued within 1–2 business days.
Start the application →Common questions.
If yours isn't here, the bond team can usually answer within the hour.
How much is the South Carolina TPA bond? +
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Other New York bonds.
File your TPA bond today.
Five-minute application, flat 3%, soft pull only. Enter your amount and file with the Department of Insurance.