New Hampshire — Third Party Administrator Bond
The New Hampshire Third Party Administrator Bond is a financial security requirement for specific administrators operating within the state. This bond serves to protect individuals and entities who remit premiums, insurance charges, or other monies to an administrator in the course of business.
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- Recorded state
- New Hampshire
- Category
- Insurance professionals
What this bond does
The bond is maintained for the use and benefit of the New Hampshire Insurance Commissioner. It specifically applies to administrators who manage benefit plans fully insured by non-licensed insurers, multiple employer welfare arrangements, or church self-insured plans, as outlined in RSA 402-H:11 VIII.
- Who needs it
- This requirement applies to business entities acting as third-party administrators in New Hampshire that handle specific types of benefit plans requiring statutory financial protection for remitted funds.
- Who it protects
- The bond protects New Hampshire consumers and entities by ensuring that funds remitted to the administrator for insurance purposes are secured. In the event of administrative failure regarding these funds, the bond provides a mechanism for financial recovery as overseen by the commissioner.
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
- New Hampshire Insurance Department TPA Application (opens in a new tab)Checked October 18, 2026
Have these ready
- Calculate your average daily client account balance for the preceding calendar year to determine the required bond amount.
- Secure a quote from a surety company authorized to issue bonds in the State of New Hampshire.
- Ensure your organizational documents, including articles of incorporation and financial statements, are prepared for submission to the New Hampshire Insurance Department.
- Verify that your chosen surety provider is prepared to issue the bond in accordance with RSA 402-H:11 VIII standards.
Questions about this bond
What is the minimum bond amount required?
The bond must be at least 100,000 dollars, or 10 percent of your average daily client account balance from the prior year, whichever is greater, up to a maximum of 1,000,000 dollars.
Who is required to maintain this bond?
It is required for administrators who manage benefit plans fully insured by insurers not licensed in New Hampshire, multiple employer welfare arrangements, or church self-insured plans.
Can I provide cash instead of a surety bond?
Yes, if you cannot obtain a surety bond, you may set aside cash or negotiable securities in an amount equal to the required bond in a trusteed bank account located in New Hampshire.
Where do I file the bond?
The bond or evidence of alternative security must be submitted as part of your Application for Certificate of Authority to the New Hampshire Insurance Department.