Hawaii TPA bonds.
From $2,000.

Hawaii requires an insurance third party administrator to file and maintain a surety bond with the Commissioner of Insurance under HRS § 431:9J-103. The amount scales with your license stage, and the price is 2% of the bond amount — see your exact price in the on-page calculator, with a soft credit check that never affects your score.

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Filed with the Commissioner of Insurance under HRS § 431:9J-103

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Amount scales — commonly $100,000 for the first biennial and $300,000 on renewal (confirm your stage)

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Soft credit pull only — never affects your score, and the price is 2% of the bond amount

2% rate$2,000 at the $100,000 minimumSoft pullnever affects your scoreFastinstant underwriting for most

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How it works

Apply to filed, no phone tag.

Enter your amount, consent to a soft pull, and file with the Insurance Division. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount your stage requires, and an effective date — plus a one-time consent to a soft credit pull.

RIGHT AWAY

Approved

Most are approved as soon as you apply. The soft pull never affects your score. If it needs a second look, one to two business days at most.

WHEN YOU PAY

File with the Commissioner

Pay online and receive the executed bond, undertaken in the name of the Commissioner of Insurance, ready to file with your TPA application or renewal. Wet-ink originals on request.

About this bond

What it is and who needs it.

What the TPA bond actually covers

A third party administrator collects premiums or adjusts and settles claims for insurance coverage. Hawaii regulates TPAs under HRS chapter 431, article 9J and conditions the license on a surety bond filed with the Commissioner of Insurance, undertaken in the name of the Commissioner.

The bond protects the public and the insurers a TPA works for — it stands behind the TPA's compliance with the chapter and its handling of premiums and claims funds. If a TPA's theft, fraud, or unethical conduct causes a loss, a claim can be made against the bond, and if the surety pays, you repay the surety.

The required amount scales with your license stage. A common pattern is a $100,000 bond for the first licensing biennial and at least $300,000 for each subsequent renewal. The bond cannot be cancelled until two years after the last day you acted as a TPA, absent the Commissioner's prior written consent — confirm your required amount with the Insurance Division and we'll issue it.

HRS § 431:9J-103 (Surety bond required)Article 9J of Hawaii Revised Statutes chapter 431 regulates third party administrators, and § 431:9J-103 requires a surety bond filed with the Commissioner of Insurance before the license issues and kept in force while licensed, undertaken in the name of “Commissioner of Insurance, State of Hawaii”: at least $100,000 during the first licensing biennial, then at least $300,000 at the first renewal and every year after, with a renewal certificate filed with the annual report under § 431:9J-112. The bond cannot be cancelled until two years after the last day the applicant acted as an administrator unless the Commissioner gives prior written consent. Enacted by L 2019, c 72 and amended by L 2022, c 58 and L 2024, c 69.

You need this bond if you are

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Applying for a Hawaii TPA license for the first license biennial

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Renewing your TPA license at the higher renewal bond amount

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Administering claims or premiums for insurers doing business in Hawaii

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An out-of-state administrator getting licensed to work Hawaii business

One application, then a quick review.

These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.

Start the application →

FAQ

Common questions.

How much is the Hawaii TPA bond?The price is 2% of the bond amount. The bond amount is set by your license stage — commonly $100,000 for the first biennial and at least $300,000 on renewal. Enter your figure and see your exact price in the on-page calculator.

Who requires this bond?The Hawaii Commissioner of Insurance requires it as a condition of a third party administrator license under HRS § 431:9J-103. The bond is undertaken in the name of the Commissioner.

What amount do I need?It depends on your license stage. A widely cited pattern is $100,000 for the first licensing biennial and at least $300,000 for each subsequent renewal — but confirm the exact figure with the Insurance Division and we’ll issue it.

Is there a credit check?Yes — a quick soft credit check may apply, never a hard inquiry, no impact on your score. It affects approval only; the price itself is a fixed 2% of the bond amount.

Can I cancel the bond?Not freely — under HRS § 431:9J-103 the bond cannot be cancelled until two years after the last day you acted as a TPA, unless the Commissioner gives prior written consent.

Which A-rated carriers underwrite these bonds?Typically Arch Insurance Company (A.M. Best A+) or Nationwide Mutual Insurance Company (A.M. Best A). Which one writes your bond depends on the bond type and your state. The carrier's name and official signature are printed on the bond you receive.

How do I contact Light RFP about this bond?Email insurance@lightrfp.com. It reaches the bond team at Light RFP Risk Management Services LLC (NY DFS License # PC-1978982). Write to us about quotes, applications, bond forms or certificates. We will respond within 24 hours.

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Hawaii TPA bonds.From $2,000.