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North Dakota third party administrator bonds.
From $100.

The bond a North Dakota third party administrator files with the Insurance Department to hold a certificate of authority. Under N.D.C.C. ch. 26.1-27 the Commissioner sets the amount — generally the greater of $100,000 or 10% of the coverages you administer in North Dakota — and we issue it from $100, with your exact price shown at the application.

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Required for a ND TPA certificate of authority under N.D.C.C. ch. 26.1-27

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Amount is the greater of $100,000 or 10% of administered coverages — the Commissioner sets it

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From $100 — enter your required bond amount and see your exact price; the application collects no credit information

From $100your exact price at applicationInstantapproval for mostNo SSNin the application

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How it works

Three steps. One sitting.

Enter your amount, pay, and file with the Insurance Department. Larger amounts may get a quick review. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount the Commissioner set, and the effective date — that is the entire application.

INSTANTLY, USUALLY

Issued on the spot

No credit fields in the application, and no waiting — the executed bond is generated as soon as you pay. Larger amounts may get a quick underwriter review.

SAME DAY

File with the Insurance Department

Submit the executed bond with your certificate of authority application or renewal. Wet-ink originals mailed whenever the Department insists.

About this bond

What it is and who needs it.

What the TPA bond actually covers

North Dakota regulates third party administrators — businesses that collect premiums or adjust and settle claims for insurers or self-funded plans — under N.D.C.C. ch. 26.1-27. You can't act as an administrator without a certificate of authority from the Insurance Department, and the bond is part of that filing.

The bond is for the protection of the Commissioner and the people whose premiums and claims you handle. If an administrator mishandles funds or fails to perform, the harmed parties can recover against the bond — and if the surety pays, you repay the surety.

The Commissioner sets the amount, generally the greater of $100,000 or 10% of the aggregate coverages you administer in North Dakota, and can adjust it as your book changes. Note that a fidelity bond does not satisfy this requirement — it must be a surety bond. Enter the figure on your notice; premiums start from $100 and the application collects no credit information.

N.D.C.C. ch. 26.1-27 (Administrators)North Dakota third party administrators are licensed by the Insurance Department under N.D.C.C. ch. 26.1-27, which conditions the certificate of authority on a surety bond for the protection of the Commissioner and the persons whose funds the administrator handles. The Department generally sets the amount at the greater of $100,000 or 10% of the aggregate coverages administered in North Dakota, and a fidelity bond is not acceptable. Confirm your required amount on your Insurance Department notice.

You need this bond if you are

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A third party administrator applying for an ND certificate of authority

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Renewing a TPA certificate that requires the surety bond on file

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Adjusting your bond amount after the Commissioner re-sized it to your administered coverages

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Adding North Dakota to the states where you administer plans

One application, issued on the spot.

Submit the application with the bond amount the Commissioner set — the executed bond is generated quickly, ready to file with the Insurance Department.

Start the application →

FAQ

Common questions.

How much is the North Dakota TPA bond?Premiums start from $100 and scale with your bond amount. The amount itself is set by the Insurance Commissioner — generally the greater of $100,000 or 10% of the coverages you administer in North Dakota. Enter that figure at the application to see your exact price.

Who requires this bond?The North Dakota Insurance Department, as a condition of a third party administrator certificate of authority under N.D.C.C. ch. 26.1-27. No bond on file, no certificate.

Can I use a fidelity bond instead?No. North Dakota requires a surety bond for the TPA requirement — a fidelity bond does not satisfy it. The surety must be authorized to do business in North Dakota, which ours is.

Is there a credit check?The application collects no credit information. Most applications approve instantly; if a check runs on a larger bond amount, it's a soft pull that won't affect your score.

What amount should I choose?Use the figure on your Insurance Department notice. If you have not been given one, the floor is generally $100,000, and it rises to 10% of your administered coverages once that exceeds $1,000,000. Send us your numbers and we will confirm.

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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Premiums from $100. Enter the amount the Commissioner set and see your exact price.

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