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?
- 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
- Complete an online application. It’s free and no-obligation.
- One of our surety experts will contact you with a firm quote and an agreement to sign.
- Provide payment and your signed agreement, and then you will receive your Surety Bond!
If you have any questions, please call us at 877-654-2327.
Surety1 was founded in 2003 and helps thousands of clients find the best prices on their surety bonds. We take pride in our work so that we can give you great service. Learn more about Surety1.