Illinois — Preferred Provider Program Administrator Bond
Administration of benefits or claims differs from underwriting insurance risk.
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- Recorded state
- Illinois
- Bond type
- Third-Party Administrator Bond
- Category
- Insurance professionals
What this bond does
These forms can secure financial or conduct obligations attached to an insurance-related license or appointment.
- Who needs it
- Insurance intermediaries, adjusters, and other professionals responding to a licensing or contract requirement.
- Who it protects
- A professional’s bond is different from errors and omissions insurance and from the insurance policy sold to a customer.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Have these ready
- Bring administration agreements and describe funds handled, distinguishing claim-payment accounts from the administrator’s operating revenue.
- Identify the licensed capacity and the business or individual holding it.
- Describe premium, settlement, or fiduciary funds handled.
- Have the legal applicant name and the written bond request ready. Check the recipient’s name and any requested form.
- Select Purchase Now to continue to the provider’s online application. Check your application details before completing the purchase.
Questions about this bond
Which client funds and administrative duties are secured?
Bring administration agreements and describe funds handled, distinguishing claim-payment accounts from the administrator’s operating revenue. Match the applicant’s role and covered activity to the written request before selecting a form.
Is this professional errors and omissions insurance?
A licensing or fiduciary bond and E&O insurance serve different purposes. Identify the licensed capacity, applicant, and any premium or settlement funds handled. Compare a separate E&O request with its policy terms.
How much will I pay?
The bond amount is the sum of the obligation or protection, not the purchase price. Review the premium and application conditions with the provider before paying. Any separately stated E&O limit is insurance coverage.
How do I purchase this bond online?
Choose the option that matches your written request, then select Purchase Now. The provider’s application opens in a new tab. Review the applicant name, recipient, amount and dates before paying, then follow the recipient’s instructions for delivering the issued document.