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 — we issue it at a flat 3% with no credit check.
















No underwriting queue for the standard TPA bond — enter your amount, pay, and file with the Insurance Department. Here is the whole thing:
Your business details, the bond amount required, and the effective date — that is the entire application.
No credit check and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
Submit the executed bond with your TPA license application or renewal. Wet-ink original mailed on request.
Bond amount × 3% = your premium, one-time per term, $275 minimum. Enter the figure the Insurance Department requires and the premium updates.
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, and we issue it at a flat 3% with no credit check.
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 →If yours isn't here, the bond team can usually answer within the hour.
Five-minute application, flat 3%, $275 minimum. Enter the amount the Insurance Department requires and file the same day.