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. Larger amounts may get a quick review, and if a check ever runs, it is a soft pull that never affects your score.
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.