Missouri Third Party Administrator Bond
AmeriPro Surety Bonds | 844-589-9732
Third Party Administrators – Missouri
In Missouri, applicants for the third party administrator license are regulated by the state’s Department of Insurance.
For initial applicants, there is an application fee of $1000.
Documentation fees of $250 are due by March 1st of each year.
Annual renewal fees of $250 are due for the renewal of Certificate of Authority by July 1st.
AmeriPro Surety Bonds helps you to meet the surety bond requirement as both a new or renewal surety bond.
Missouri Third Party Administrator Bond: Amount Required and Qualifying
The Missouri third party administrator bond is a $50,000 surety bond required of TPA’s.
Qualifying for this surety bond couldn’t be easier. There is just the completion of the standard surety bond application, and the payment of the premium.
There is no credit check involved in the purchase of the third party administrator bond.
Once the premium has been paid, the TPA bond is issued immediately and a copy can be emailed to you at no additional charge. Your surety bond is mailed to you by the same or the following business day.
There are three pricing options for the Missouri third party administrator bond. Again, there is no credit check.
The breakdown is as follows:
- $500 for one year;
- If prepaid for 2 years, the premium is $900;
- If prepaid for 3 years, the premium is $1300.
The purpose of the Missouri third party administrator bond is to serve as a financial guarantee for your clients and customers that you will be in compliance with all rules, regulations and amendments governing third party administrations.
The surety bond protects the Department and your customers from acts of malfeasance and misfeasance. Such protections extend to wrongful acts committed by employees, agents, and managers of your business.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit, fiduciary, and court surety bonds throughout Missouri.
Our agency also provides surety bonds nationwide.
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