WY third party administrator bonds.
From $100. Enter your amount.
A third party administrator handling insurance funds in Wyoming files a surety bond with the Insurance Department as a condition of its license. The amount is generally a percentage of the premium you handle — pricing is 1% of the bond amount, with a $100 minimum.
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Apply to filed in one sitting.
No underwriting queue for the standard TPA bond — enter your amount, pay, and file with the Insurance Department. Here is the whole thing:
Apply online
Your business details, the bond amount required, and the effective date — that is the entire application.
Issued on the spot
The application collects no credit information, and most bonds are generated as soon as you pay.
File with the Insurance Department
Submit the executed bond with your TPA license application or renewal. Wet-ink original mailed on request.
What it is and who needs it.
What the TPA bond actually covers
A third party administrator collects premiums, adjusts or settles claims, or otherwise handles funds on behalf of insurers or self-funded plans. Because a TPA touches other people's money, Wyoming conditions its license on a surety bond filed with the Department of Insurance.
The bond protects insurers, plan sponsors, and the public against a TPA's fraud, mishandling of funds, or breach of its administrative agreements. If a TPA fails to account for money it handled and someone is harmed, they can recover against the bond — and if the surety pays, the TPA repays the surety.
Wyoming's insurance regulations generally size the bond to 10% of the annual premium the TPA handles in Wyoming, subject to a floor of $1,000 and a cap of $500,000. Confirm the exact figure with the Department of Insurance — pricing starts from $100.
You need this bond if you are
One application, issued on the spot.
Submit the application with your required bond amount — the executed TPA bond is generated instantly, ready to file with the Insurance Department.
Start the application →Common questions.
Other Wyoming bonds.
TPA bond, issued today.
Pricing from $100. Enter the amount the Insurance Department requires and file the same day.