WI administrator & PBM bonds.
From $100. Enter your amount.

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.

✓

Filed with the Office of the Commissioner of Insurance — for administrators and PBMs

✓

PBM licensure follows administrator rules under Wis. Stat. ch. 633 and the administrator law

✓

Pricing from $100 — the price is 1% of your bond amount ($100 minimum); the application collects no credit information

From $1001% of bond amount, $100 minInstantapproval for mostNo credit reviewnot even a soft pull

Trusted by industry leaders

How it works

Apply to filed in 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:

TODAY · ONLINE

Apply online

Your business details, the bond amount OCI required, and the effective date — that is the entire application, with no credit section.

INSTANTLY

Issued on the spot

Most applications approve instantly and the executed bond is generated as soon as you pay. Larger amounts may get a quick review.

SAME DAY

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.

About this bond

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, the application collects no credit information, and you can send us your OCI paperwork if you are unsure of the amount.

Wis. Stat. ch. 633 & administrator licensure (OCI)Wisconsin licenses employee benefit plan administrators through OCI, and 2021 Wisconsin Act 9 (Wis. Stat. ch. 633) requires pharmacy benefit managers to be licensed under the framework that applies to administrators, including supplying a bond. OCI sets the required bond amount as part of licensure and wants an original signed-and-sealed bond on file. Confirm the exact amount with OCI Agent Licensing before purchasing.

You need this bond if you are

✓

A third-party administrator licensed by OCI to administer employee benefit plans

✓

A pharmacy benefit manager required to be licensed under Wis. Stat. ch. 633

✓

Renewing an administrator license whose bond is expiring or was non-renewed

✓

Replacing a bond after a change in coverage that OCI requires you to refile

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 →

FAQ

Common questions.

How much is the bond?Pricing is 1% of the bond amount, with a $100 minimum. OCI sets the bond amount as part of licensure, and it depends on your license type and operation — enter the figure on your OCI filing and your exact price appears at the application.

Is a PBM treated like an administrator?Largely, yes. Under 2021 Wisconsin Act 9 (Wis. Stat. ch. 633), a pharmacy benefit manager must be licensed by OCI and complies with much of the administrator licensure framework, including supplying a bond. If the PBM also collects premiums, effects coverage, or settles claims, it needs the administrator license too.

What amount should I enter?The amount OCI named on your administrator or PBM filing. There is no single statutory figure, so we go by what OCI requires. Send us your paperwork and we will confirm it.

Is there a credit check?The application collects no credit information, so most applications approve instantly. If a check ever runs, it's a soft pull that won't touch your score.

Does OCI need a wet-ink original?Yes — OCI Agent Licensing wants an original signed-and-sealed performance bond on file, and a new original if your coverage changes. We mail the wet-ink original and email you a copy.

Related bonds

Other Wisconsin bonds.

Administrator / PBM bond, issued today.

Pricing from $100. Enter the amount OCI required and we mail the original.

Start application

Your premiumfrom $100

Apply now →