WI administrator & PBM bonds.
Flat 3%. 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 at a flat 3% with no credit check.
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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:
Apply online
Your business details, the bond amount OCI required, 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.
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.
The whole pricing page.
Bond amount × 3% = your premium, one-time, $275 minimum. Enter the figure OCI required and the premium updates.
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 and we issue at a flat 3% with no credit check — send us your OCI paperwork and we will confirm the amount if you are unsure.
You need this bond if you are
Five minutes, 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.
If yours isn't here, the bond team can usually answer within the hour.
How much is the bond? +
Is a PBM treated like an administrator? +
What amount should I enter? +
Is there a credit check? +
Does OCI need a wet-ink original? +
Other New York bonds.
Administrator / PBM bond, issued today.
Five-minute application, flat 3%, $275 minimum. Enter the amount OCI required and we mail the original.