1 (844) 589-9732

New Hampshire Third Party Administrator Bond

The New Hampshire third party administrator bond is offered for 1% of the amount required as an annual premium. Please call AmeriPro Surety Bonds at 844-589-9732.

New Hampshire Third Party Administrator Bond

AmeriPro Surety Bonds | 844-589-9732

 

 

 

New Hampshire Third Party Administrator License – Surety Bond

 

 

 

New Hampshire third party administrators are regulated by the state’s Insurance Department. A condition of licensing is that TPA’s furnish evidence of a surety bond according to the following statutory formula:

  • The greater of $100,000 surety bond;
  • Or, 10% of the administrator’s average daily balance held in the prior calendar year. The NH TPA surety bond has a maximum amount of $1,000,000.

 

 

 

Qualifying and the Premium

 

 

 

Regardless of the amount, qualifying for the New Hampshire third party administrator bond involves:

  • Completion of an application. We can begin the application with you over the phone; however, you will need to complete the application, sign it and have your signature witnessed. It does not need to be notarized;
  • Depending on the amount required, you may be asked to provide a financial statement. We will let you know;
  • An underwriter review. An underwriter review involves carefully examining your application. There is also a personal or business credit check. Good credit is required to be approved.

Depending on when the application is received, it will typically take a few hours to complete underwriting.

Upon approval from our underwriter, the premium will be 1% of the surety bond amount.

Once your bond is approved and the premium is paid, our agency issues the bond to you immediately and has it mailed to you for your signature as Principal and then for filing. Your surety bond will also include a Power of Attorney (POA) form that you’ll also need to file with the Insurance Department.

Their address is:

State of New Hampshire Insurance Department

21 S. Fruit Street

Suite 14

Concord, NH 03301

 

 

 

Surety Bond Duration

 

 

 

Your surety bond is active for a one year period and renews annually. Presumably you may require a different surety bond amount upon renewal based on the criteria mentioned above (i.e. the average daily balance from the prior calendar year).

 

 

 

Purpose of Your Surety Bond Requirement

 

 

 

The bond is a financial guarantee of your compliance with all rules and regulations involved in the profession of a TPA in New Hampshire. Relevant statutes include New Hampshire Revised Statutes Annotated RSA 402-H and Regulation 2300 of the state’s Insurance Code.

 

 

 

About Us

 

 

 

AmeriPro Surety Bonds provides third party administrator surety bonds nationwide.

We are also a provider of license and permit surety 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

  • MM slash DD slash YYYY
  • Please note: We do not share or rent your address to anyone, except for underwriting purposes associated with your surety 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. 

Missouri Attachment Bond

Missouri Attachment Bond | AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Purpose and Amount   A Missouri attachment order allows you as Plaintiff (or, for legal counsel, your client) to seize the disputed property of the Defendant, before a final...

Georgia Garnishment Bond

Georgia Garnishment Bond AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose   A Georgia garnishment order allows you, as plaintiff, in a civil litigation proceeding to seize the assets, accounts, or wages of a defendant, prejudgment; that...

Georgia Writ of Attachment Bond

Georgia Writ of Attachment Bond AmeriPro Surety Bonds | 844-589-9732   Surety Bond; Amount and Purpose   A Georgia writ of attachment is a court order issued in a civil litigation proceeding.  By means of it, as Plaintiff you (or for legal counsel, your...

contact us

Office: 1 (844) 589-9732

Hours of Operation:

Monday – Friday 6 am to 5 pm (PST)