Third Party Administrator

The State of Minnesota requires all resident and non-resident Third Party Administrators (TPAs) to apply for a license.  If the TPA does not commingle funds, a fidelity bond in the amount of at least $100,000, up to $1 million, must be filed with the Minnesota Commerce Department.  If the TPA does commingle funds, then the fidelity bond must be at least $250,000, up to $2 million.

Regulating Department Contact:

Minnesota Department of Commerce
85 7^th Place East, Suite 500
St. Paul, MN 55101
(651) 296-8592

Statutes:

Minnesota Statutes 60A.23

Rules:

Minnesota Rules 2767

Underwriting Requirements: