If you are engaged as a third party administrator in Nevada you are required under section 683A.0857 of the Nevada Revised Statutes to file a Nevada Third Party Administrator Bond as a condition of licensure.
Bonds Express offers a Nevada 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 Nevada Third Party Administrator Bond holds you accountable for your business decisions.
By possessing a Nevada 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.