Wisconsin administrator & PBM bonds.
From $100.
Wisconsin licenses employee benefit plan administrators and pharmacy benefit managers (PBMs) through the Office of the Commissioner of Insurance (OCI), and a bond is part of the filing. We issue the amount OCI requires, pricing from $100, with your exact price shown at the application.
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How much does a Wisconsin administrator & PBM bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard administrator bond — enter your amount, pay, and mail the original to OCI. Here is the whole thing:
Apply online
No credit check up to $50,000.
Issued on the spot
Most applications approve instantly and the executed bond is generated as soon as you pay. Above $50,000, a soft pull may add a short review.
Send the original to OCI
OCI Agent Licensing wants an original signed-and-sealed performance bond. We mail the wet-ink original and email you a copy to keep.
What it is and who needs it.
What the bond covers
Wisconsin's Office of the Commissioner of Insurance (OCI) licenses employee benefit plan administrators (third-party administrators) and, since 2021 Wisconsin Act 9 (Wis. Stat. ch. 633), pharmacy benefit managers. A PBM that handles premiums, coverage, or claims must hold an administrator license, and a bond is part of the licensure package.
The bond is a performance guarantee standing behind the money you handle on behalf of plans and the people they cover. If an administrator or PBM mishandles funds or fails its obligations under the licensure law, the bond is available to those harmed.
Because OCI sizes the bond to the license and the operation, there is no single statutory dollar figure we can quote sight unseen. Enter the amount OCI named on your filing; pricing starts from $100, no credit check up to $50,000, and you can send us your OCI paperwork if you are unsure of the amount.
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
Issued on the spot. Most applications approve instantly and the executed bond is generated as soon as you pay. Above $50,000, a soft pull may add a short review.
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 OCI required — the executed bond is generated instantly, with the wet-ink original mailed for your OCI filing.
Start the application →Common questions.
Other Wisconsin bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Administrator / PBM bond, issued today.
Pricing from $100. Enter the amount OCI required and we mail the original.