Third Party Administrators operating in the State of Idaho are required under Title 41, Section 911 of the Idaho Insurance Code to execute an Idaho Third Party Administrator Bond to ensure compliance with licensure.
Bonds Express offers a Idaho Third Party Administrator Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Idaho Third Party Administrator Bond holds you accountable for your business decisions.
By possessing a Idaho Third Party Administrator Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.