The New Hampshire Third Party Administrator license

RSA 402-H:11, I requires the certificate of authority before anybody acts as, offers to act as, or holds themselves out to be an administrator, and II lists what the application carries. Two items are the substance. The audited financial statements for the two most recent fiscal years have to prove a positive net worth, and an administrator that cannot show one may post a bond or other collateral acceptable to the Department instead, which is a softer test than the certified solvency Alaska and Rhode Island demand. And the business plan has to set out staffing levels and the capability to provide a sufficient number of experienced and qualified personnel in claims processing, recordkeeping and underwriting. No examination and no course appear anywhere in the chapter. RSA 402-H:11, VIII is the part that scales: an administrator handling benefit plans fully insured by an insurer not licensed here, or multiple employer welfare arrangements, or church self-insured plans, maintains a surety bond of the greater of $100,000 or ten percent of its average daily client account balance in the preceding calendar year, capped at $1,000,000, or sets the same amount aside in a New Hampshire trust account the commissioner has to countersign. The certificate expires on 14 June each year, which is the only mid-June renewal date on this site. RSA 402-H:11-a is a separate thing and gets no file here: somebody who underwrites, collects charges from or settles claims on New Hampshire residents under a self-funded life, annuity or health plan and needs no certificate registers with the commissioner by 1 March each year, verifying status, and the section says in terms that registrants need not hold a certificate of authority or meet the rest of the chapter. That is a filing duty on a person the state has decided not to license, not a license.

Read at the Department on 2026-08-19