CT third party administrator bonds.
From $100. Enter your amount.
Connecticut conditions a third party administrator license on a surety bond under CGS 38a-720j, filed with the Insurance Department. The statute sets a floor of not less than $500,000, and the premium is 1% of the bond amount, $100 minimum — your exact price shows at the application.
Trusted by industry leaders
Apply to filed in one sitting.
Enter your amount, pay, and file with the Insurance Department. Here is the whole thing:
Apply online
Your business details, the bond amount the statute or commissioner set, and the effective date — that is the entire application.
Issued after a brief look
Larger surety amounts like the TPA bond get a quick underwriting review; if anything is needed, you hear from an underwriter within 48 hours. The application collects no credit information.
File with the Insurance Department
Submit the executed bond as a condition of your TPA license or renewal. Wet-ink originals mailed whenever the department insists.
What it is and who needs it.
What the TPA bond actually covers
A third party administrator collects premiums or settles claims for insurers and self-funded plans. Connecticut licenses TPAs through the Insurance Department and, under CGS 38a-720j, requires a surety bond sufficient to protect insurers and other persons using the TPA's services — but not less than $500,000.
The bond is a financial-responsibility guarantee: it stands behind the funds the TPA handles for insurers and plan members. If the TPA mishandles those funds and someone is harmed, they can recover against the bond — and if the surety pays, the TPA repays the surety.
The statute offers an alternative: the commissioner may waive the bond if the applicant submits audited annual financial statements for the two most recent fiscal years proving a positive net worth. TPAs administering governmental or church self-insured plans can have separate bond requirements. Whatever amount applies, we price it at 1% of that amount, $100 minimum — the application collects no credit information, and on the rare bond where a check does run, it is a soft pull that never affects your score.
You need this bond if you are
One short form to apply.
Submit the application with the bond amount the Insurance Department requires — the TPA bond gets a quick underwriting look; the application collects no credit information.
Start the application →Common questions.
Other Connecticut bonds.
TPA bond, priced honestly.
From $100. Enter the amount the Insurance Department requires and file it.