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What is a MD – Third Party Administrator Bond?
A Third Party Administrator Bond is a type of surety bond required of applicants for a life, health or other insurance administrator's license or certificate in the state. The bond not only protects those who are insured and insurers when dealing with their money but also ensures that there will be someone to replace an individual should they leave this position; since so much responsibility rests on them.
Do you need a bond?
Swiftbonds is the third party administrator bond provider for your company. We’ve been in business for years, and our team of experts will help you get bonded quickly and easily.
We offer bonds for all types of industries, including healthcare, construction, manufacturing, food service providers and more.
Contact us today to learn more about how we can help you get bonded as soon as possible!
Why is the MD – Third Party Administrator Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Get a Maryland – Professional Solicitor & Public Safety Solicitors ($25,000) Bond.
How does a MD – Third Party Administrator Bond work?
Getting a MD – Third Party Administrator Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Need a Maryland – Broker/Aggregator Bond – Gas Supplier.
How much does a MD – Third Party Administrator Bond cost?
MD – Third Party Administrator Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get a MD – Third Party Administrator Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Have a Maryland – Mortgage Lender Licensee (NMLS) Bond.
How to get your MD – Third Party Administrator Bond?
Would you like to know the first step in getting your MD – Third Party Administrator Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Here's a Maryland – Electricity Broker/Aggregator ($10,000) Bond.
