Bond for Connecticut Third Party Administrators

Category: Uncategorized
Published: Jul 19, 2011
HB 6307: Third Party Administrators

This will adopt a modified version of the NAIC model for the third-party administrators of insurance benefits. These people will have to be licensed, and those who are administrating governmental or church self insured plans will have to post a surety bond in the amount of $100,000 or 10% of the aggregate amount of self-funded coverage under governmental plans or church plans handled in Connecticut and all additional states which are authorized to conduct business. This bond will have to respond to claims that originated from the Connecticut Insurance Department and any other state insurance regulatory authority in the states licensed to conduct business.

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Robin Kix

Robin Kix is currently the Renewal Department Manager. Since joining Lance Surety in 2014, she has helped thousands of businesses throughout the nation remain compliant at the federal, state and local level. She has significant experience supporting commercial bond lines, particularly in the automobile, transportation and construction industries. Robin and her team work together to create a positive customer service experience at the time of every policy renewal, whether that be finding the best pricing or offering additional assistance.