Hawaii — Third Party Administrator Bond
The Hawaii Third Party Administrator Bond is a mandatory financial guarantee required for entities operating as third-party administrators (TPAs) within the state. This bond ensures that the administrator complies with the provisions of Chapter 431, Article 9J of the Hawaii Revised Statutes.
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- Recorded state
- Hawaii
- Category
- Insurance professionals
What this bond does
The bond serves to protect the Insurance Commissioner of the State of Hawaii and any individuals who may be injured by a breach of the administrator's statutory duties. It acts as a financial safeguard to ensure that TPAs conduct their business affairs according to Hawaii law.
- Who needs it
- Business entities applying for or renewing a Third Party Administrator license in Hawaii are required to obtain and maintain this surety bond as part of their official state filing process.
- Who it protects
- This bond provides coverage in favor of the Insurance Commissioner of the State of Hawaii. It creates a right of action for the Commissioner or any injured party to recover damages caused by the TPA's failure to comply with regulatory statutes, limited to the total bond amount.
Your bond option
This is the option on record for this bond.
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The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.
Sources
- Hawaii Third Party Administrator Checklist (opens in a new tab)Checked October 18, 2026
Have these ready
- Verify your business entity is registered and compliant with Hawaii organizational document requirements.
- Prepare the required two years of certified annual financial statements demonstrating positive net worth.
- Obtain the official Surety Bond form and ensure both the Principal and Surety provide notarized signatures.
- Compile all checklist documents for submission through the NIPR Attachments Warehouse.
Questions about this bond
What is the required bond amount for a new TPA?
A new applicant must secure a surety bond in the amount of at least $100,000.
Does the bond amount change after initial licensure?
Yes. Upon renewal of your license, the bond amount increases to $300,000 pursuant to Act 069.
Can I cancel the bond immediately after stopping TPA operations?
No. The bond is continuous and cannot be canceled until two years have passed since the last day the entity acted as a TPA, without written consent from the Commissioner.
Where should I file the completed bond document?
All documents, including the notarized surety bond, must be uploaded and submitted via the NIPR Attachments Warehouse.