Wyoming third party administrator bonds.
From $100.
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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How much does a Wyoming third party administrator bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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 application.
Issued on the spot
No credit check up to $50,000.
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
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
File with the Insurance Department. Submit the executed bond with your TPA license application or renewal. Wet-ink original mailed on request.
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 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.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
TPA bond, issued today.
Pricing from $100. Enter the amount the Insurance Department requires and file the same day.