Insurance License Hub

The Maryland Third Party Administrator license

Third Party Administrator

Holds somebody else's premiums or decides somebody else's claims. Maryland registers it rather than licensing it, asks for no qualification of any person, and sets the bond as a percentage of the money the administrator expects to be holding at any one time.

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

  1. Route 1 Register with the Administration

    No state exam for this license

    The bond, sized by the money handled

    • A current original surety bond of at least 10 percent of the average amount of money the administrator expects to handle at any one time for all plans administered during the year, with a floor of $5,000 and a ceiling of $500,000, showing the State of Maryland as obligee. It is waived where the Commissioner grants a waiver, where benefits are paid only from the general assets of an employer or employee organization, or where the applicant is a federally or state supervised insurer or trust company with combined capital and surplus above $1,000,000.

    and the application

    • The NAIC Uniform Application and the Administration's Limited Lines Supplement, with the $250 fee. No examination, no course and no competence finding about any individual.

    Md. Code, Insurance 8-303(a): "A person must register with the Commissioner before the person acts as or represents itself as an administrator in the State." 8-301(b) defines the administrator by two powers, control over or custody of premiums or other money for a life insurer or a plan for any period of time, or discretionary authority over the adjustment, payment or settlement of benefit claims or over the investment of a life insurer's or plan's assets. The ERISA-only administrator is the interesting exclusion: an administrator that only administers ERISA plans, provides no benefits through insurance and touches no multiple employer welfare arrangement is outside the definition and does not register at all. It still files written notice that it operates here and evidence of its ERISA bonding, on a uniform application, for no fee, which the Administration's fee table records as a $0 license. A fee schedule with a nil row on it is not rare by itself, and Colorado's prints No Fee against eight of them; what is rarer is a nil row against a thing the department registers rather than against a change of name or address, which is what this one is.

    Read at mgaleg.maryland.gov on 2026-08-19

No national seller sells a course for this license. The Maryland products sellers do carry are all for a major producer line or for the adjuster paper; Aceable sells nothing in Maryland at all. A third party administrator registers on a bond and a form; there is no paper and no course to prepare for.