The Connecticut Third Party Administrator (TPA) license
Third Party Administrator (TPA)
Collects premiums, underwrites, adjusts or settles claims for a life, annuity or health insurer. The bond starts at half a million dollars, and holding this license does not let its employees skip the licenses they would otherwise need.
Course
None
This license has no pre-licensing course route.
Ways in
1
There is no state exam for this license.
Exam
n/a
Not required on any of the routes below.
Every way to qualify
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Route 1 Apply with a $500,000 bond, or with two years of audited accounts instead
No state exam for this license
Financial security
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A surety bond in an amount the commissioner considers sufficient to protect the insurers and other persons using the administrator, and in no case less than a penal sum of $500,000, maintained as a condition of every renewal, under Conn. Gen. Stat. 38a-720j(a)(1)
- or
2 years Audited annual financial statements or reports for the two most recent fiscal years proving a positive net worth, which the commissioner may accept in place of the bond under Conn. Gen. Stat. 38a-720j(a)(2)
and a business plan
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A statement of the business plan describing staffing levels and the activities proposed here and nationwide, with details of the applicant's capability to provide enough experienced and qualified people in claims processing, recordkeeping and underwriting, under Conn. Gen. Stat. 38a-720j(b)(4)
Conn. Gen. Stat. 38a-720a(a) forbids offering to act or holding oneself out as a third-party administrator without this license or an exemption, and closes a door in the same paragraph: the authority the license grants "shall not exempt such third-party administrator's employees from the licensing requirements of chapters 701b and 702", the public adjuster chapter and the licensing chapter. The application carries the organizational documents, the bylaws, an NAIC biographical affidavit for everybody responsible for the conduct of its affairs including any ten per cent holder, and the business plan. There is no course and no examination. An administrator handling governmental or church self-insured plans posts a second bond on top, the greater of $100,000 or ten per cent of the self-funded coverage it handles here and everywhere else it is authorized. The license runs to 30 September each year.
Read at the Department on 2026-08-20
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Connecticut asks a third-party administrator for a bond or audited accounts, corporate documents and a business plan rather than for anything taught, and gives no examination for it. No national seller offers a Connecticut product for it.