ME third party administrator bonds.
From $100.
The bond a third party administrator files with the Maine Bureau of Insurance under Title 24-A. The amount scales with the premiums you collect and claims you pay, so the Bureau or your license tier sets the figure. The premium is 1% of the bond amount, $100 minimum — your exact price appears at the application.
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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 Bureau of Insurance. Here is the whole thing:
Apply online
Your business details, the bond amount your license requires, and the effective date — that is the entire application.
Issued on the spot
No credit section and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick review.
File with the Bureau of Insurance
Submit the executed bond with your TPA license application or renewal. Wet-ink originals mailed whenever the Bureau insists.
What it is and who needs it.
What the TPA bond actually covers
A third party administrator collects premiums and adjusts or settles claims on behalf of insurers and benefit plans. Maine licenses TPAs through the Bureau of Insurance under Title 24-A, and a surety bond stands behind the funds you handle in that fiduciary role.
The bond is a fiduciary guarantee: it is conditioned on your compliance with the Maine Insurance Code and the faithful handling of the money that passes through your accounts. If you breach those duties and someone is harmed, they can recover against the bond.
Because the figure scales with your business volume — generally a percentage of premiums collected plus claims paid, subject to a statutory minimum and maximum — the amount is whatever the Bureau or your license tier requires. Enter that figure and your price appears at the application, starting from $100; the application collects no credit information.
You need this bond if you are
One application, issued on the spot.
Submit the application with your required bond amount — the executed bond is generated instantly, ready to file with the Bureau of Insurance.
Start the application →Common questions.
Other Maine bonds.
TPA bond, issued today.
Premiums from $100. Enter the amount your license requires and file the same day.