Third Party Administrators
Authority: Wyoming Insurance Department Regulations, Chapter 4, Administrators
Registration Required (Regulations, Section 14)
Definition of Administrator (Regulations, Section 3)
A third party administrator (TPA) is any person who collects charges or premiums from, or who pays or settles claims on, residents of this state in connection with insurance coverage or annuities other than:
Unless an entity falls into one of the exceptions listed above, there is no waiver of the registration requirement. All TPA’s not exempted above must register with the Department.
Renewal/Continuation of License (Regulations, Section 16)
Updating Ownership, Address or Other Vital InformationThe administrator may provide updated information throughout the year by letter or during the renewal process via the renewal application. Forms and information to change a business entity name are located on the Address/Name Change page.
Written Agreement Necessary (Regulations, Section 4)
Appointment by Insurer (Regulations, Section 15)
Bond Required/Amount (Regulations, Section 17)
Waiver of Bond (Regulations, Section 17(b))
Other Licenses may be Required (Regulations, Section 12)
Notice to Insureds (Regulations, Section 13)
The administrator must provide written notice to insured individuals advising them of the identity and relationship between the administrator and the insurer.
Please email questions to: email@example.com