Third Party Administrators operating in the State of Iowa are required by the Insurance Division of Iowa to execute an Iowa Third Party Administrator Bond to ensure compliance with licensure.
Bonds Express offers an Iowa 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 Iowa Third Party Administrator Bond holds you accountable for your business decisions.
By possessing an Iowa 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.