1 (800) 308-4358
Mon-Fri 7am-7pm CST
  1. 1. Choose A State
  2. 2. Choose A Bond
  3. 3. Enter Your Contact Info
  4. 4. Receive Your Free Quote

Oklahoma Third Party Administrator's Bond

How much will my Oklahoma insurance claim processor’s bond cost?

Oklahoma third party administrator bonds are required by the Oklahoma Insurance Department and Commissioner. The bond amount is determined by the Commissioner and depends on the premiums collected or claims paid from the annual report of the previous year. Third party administrators in their first year must post a surety bond in the amount of $10,000.

These bonds are credit based bonds, which means the amount you will pay for your bond is subject to underwriting and depends on a review of your credit report. To get your free, personalized surety bond quote, call us at 1 (800) 308-4358, or contact us online.

Bond Type Bond Amount Cost by Credit Score*
680 and up 679 - 600 599 or lower
Third Party Administrator's Bond $10,000 Starts at $100 $300-1,000 $1,000+ Apply Now
Third Party Administrator's Bond $15,000 Starts at $150 $450-1,350 $1,350+ Apply Now
Third Party Administrator's Bond $20,000 Starts at $200 $600-2,000 $2,000+ Apply Now
Third Party Administrator's Bond $25,000 Starts at $250 $750-2,500 $2,500+ Apply Now
Third Party Administrator's Bond $30,000 Starts at $300 $900-3,000 $3,000+ Apply Now
Third Party Administrator's Bond $35,000 Starts at $350 $1,050-3,500 $3,500+ Apply Now
Third Party Administrator's Bond $40,000 Starts at $400 $1,200-4,000 $4,000+ Apply Now
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Why do I need this bond?

These bonds require third party administrators to abide by all laws, rules and regulations found in the Oklahoma Statutes, Title 36 Chapter 1 Article 14B - Third-Party Administrator Act. Some of these laws include:

  • paying all insurers correct dues
  • having written agreements between all insurers and administrators
  • keeping all records in the office for at least 5 years
  • approving all advertising with insurer before mailing out

These laws and more are clearly written out in the Statutes which can be found in the “Important Links” tab to the left.

Submit a bond request now to get the bond you need for business licensing.

What’s the fine print?

Oklahoma third party administrator bonds are continuous until canceled. If the bond is to be canceled, the surety must provide 30 days written notice to the Oklahoma Insurance Department and Commissioner.

How to become a third party administrator in Oklahoma

Getting bonded is just the first step to becoming a licensed administrator in Oklahoma. You must submit the following items with your license application:

  • required biographical affidavits
  • background reports
  • certificate of authority from Oklahoma State Secretary
  • $100 application fee

Detailed licensing requirements can be found in the “Important Links” tab to the left.

If you’re ready to take the first step in becoming licensed in Oklahoma, give our surety specialists a call at 1 (800) 308-4358 or fill out our online bond request form.

Ready to get started?

Get a FREE Third Party Administrators Bond Quote Today!

Third Party Administrator’s Bond State of Oklahoma

Oklahoma Insurance Commissioner State of Oklahoma Check List for Entity and/or Individual initial Third Party Administrator License

Oklahoma Insurance Department Application for Corporate License as a Third Party Administrator

Oklahoma Insurance Department Application for Individual License as a Third Party Administrator

Oklahoma Statutes Title 36 Chapter 1 Article 14B - Third-Party Administrator Act

Overnight Shipping
50,000 Satisfied
Customers Nationwide
No Hidden Fees