1 (844) 589-9732

Idaho Third Party Administrator Bond

The Idaho third party administrator bond is a requirement of the state’s Department of Insurance. Approval is based on good credit and is offered by our agency at 1%. Please call AmeriPro Surety Bonds:            844-589-9732.

Idaho Third Party Administrator Bond |

AmeriPro Surety Bonds | 844-589-9732

 

 

 

Idaho – TPA’s

 

 

 

The Idaho Department of Insurance regulates and licenses third party administrators. For both resident and non-resident licensees, you are required to purchase a surety bond if your TPA business administers or will administer self-funded health plans.

According to paragraph §41-911(8) of the Idaho Code, the amount of surety bond required is the GREATER of:

  • $100,000 surety bond;
  • Or, the GREATER of 10% of the contributions collected by your business from self-funded health plans;
  • Or, 10% of the benefits paid by the self-funded plans in the prior calendar year;
  • Or, if none of the contributions or benefits above is applicable, then the amount should be 10% of the funds that you estimate you’ll receive from self-funded health plans during the next year.

 

 

 

Qualifying and the Premium

 

 

 

Qualifying for the Idaho third party administrator bond involves you telling us the amount of surety bond required, based upon the statutory criteria; completion of an application; and undergoing a credit review.

The application can be begun with an agent over the phone, however, you will be required to complete, sign and have witnessed the final application.

A credit review comprises the final approval process. Good credit is required. If approved, the premium for the Idaho TPA surety bond will be 1% of the amount required.

 

 

 

Annual Renewal of the Premium

 

 

 

The premium associated with your surety bond is good for one year. Upon renewal, if the bond amount required is different, we will issue you a new surety bond amount with the corresponding new premium.

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

The third party surety bond requirement is a financial guarantee which ensures the state’s Department of Insurance and any customer or consumer of your fidelity to all laws, regulations, and amendments governing TPA professional conduct in Idaho.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds provides third party administrator surety bonds nationwide. We are also provides of license and permit bonds in all 50 states.

Please call our agency today at:

 

844-589-9732

 

Or, you may fill out the form below and an agent will contact you…

 

Request a Callback

  • Date Format: MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your bond.
  • This helps us to find exactly the surety bond that you require. By the way, it's perfectly OK to not know the type of surety bond you need; that's why we're here!
  • This field is for validation purposes and should be left unchanged.

AmeriPro Surety Bonds

Our focus is exclusively surety bonds. We have two areas of concentration: YOU, our customer; and providing you with the surety bond that you need. Whether the bond is an "instant issue"; is for a contractor; a court bond; or one for a client with lower credit scores, AmeriPro Surety Bonds dedicates itself to providing our customers with a seamless, professional, and quick surety bond experience.

apply today

recent news

Lost Cashier’s Check Bond | Lost Instrument Bond

If you’ve lost a cashier’s check or money order, to replace it, the banking institution will require that a “Lost Instrument bond” be purchased in order to re-issue it. Learn how to quickly purchase this bond with AmeriPro Surety Bonds.

Mortgage Broker Bond

A mortgage broker bond is a license and permit bond which states require to become properly licensed and which is also required to protect the public from wrongful acts committed by a mortgage broker.

Notary Public Bond California

A notary bond, also known as a notary public bond, is a bond that is required by the state of California to engage in the business of witnessing signatures on documents. 

Indiana Replevin Bond

Indiana Replevin Bond AmeriPro Surety Bonds | 844-589-9732       Indiana Action of Replevin; Surety Bond and Purpose       An replevin action takes place in a civil litigation proceeding. The Plaintiff, permitted by order of the presiding...

Illinois Probate Bond

Illinois Probate Bond AmeriPro Surety Bonds | 844-589-9732       Surety Bond; Purpose       Probate is the legal process of “proving” a will. Probate may also be required when a decedent is intestate, that is, dies without a will, to...

Illinois Replevin Bond

  Illinois Replevin Bond AmeriPro Surety Bonds | 844-589-9732     Surety Bond; Purpose And Amount       An action of replevin, alternately referred to as a “writ of attachment” or sequestration, occurs when a Plaintiff, in a civil...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)