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Louisiana Third Party Administrator Bond

Bond Requirements and Online Application

The Louisiana Third Party Administrator Bond is required by the Louisiana Department of Insurance for all who wish to become a Third Party Administrator in the state. 

As stated in the Louisiana Revised Statutes 22:1641, a third-party administrator is any person who directly or indirectly solicits or effects coverage of, underwrites, collects charges or premiums from, or adjusts or settles claims on the residents of this state, in connection with life or health insurance coverage or annuities.

The Louisiana Third Party Administrator bond is one of the requirements. The bond amount is $100,000 and states that the bondholder shall discharge and perform the duties listed under the provisions of Titles 22 and 23 of the Louisiana Revised Statutes and all other applicable laws.

What are other requirements?Louisiana Third Party Administrator Bond

  • A completed application form.
  • Fingerprints
  • Articles of incorporation
  • Copy of the bylaws of the applicant if a corporation, partner, etc.
  • Copy of the trade name certificate
  • Certificate of Compliance, Letter of Good Standing
  • Plan of operation
  • Completed biographical affidavits for all persons responsible for the conduct of affairs of the applicant
  • A detailed description of the corporate organizational structure of the applicant
  • Notice of Contract Form

Why should I get my surety bond from Surety1?

Firstly, Surety1 can get the Louisiana Third Party Administrator bond at the lowest rates available. We are able to do this through our partnership with over a dozen A-rated surety companies. Secondly, Surety1 can get you the bonded FAST. 

Complete our free online application form and submit. After that, our licensed agents will get in touch with a no-obligation quote of the bond premium. If you decide to move forward with us, pay the bond premium and sign the necessary paperwork.  We will send you the Louisiana Third Party Administrator bond via USPS Priority Mail. Overnight delivery available with an extra fee.

Surety1 is licensed in all 50 states and maintains an A+ rating from the Better Business Bureau.

 

 

 

 

 

How to Get Your Louisiana Third Party Administrator Bond

1. Complete an online application. It's free and no-obligation. 2. One of our surety experts will contact you with a firm quote and an agreement to sign. 3. Provide payment and your signed agreement, and then you will receive your Louisiana Third Party Administrator Bond!   If you have any questions, please call us at 877-654-2327.
HOW TO GET BONDED
1. Apply Online Using our Free & Secure Application 2. Get Your Free Quote Applications are No-Obligation 3. Get Your Bond Most Bonds are Approved in 1-2 Business Days

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