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Third Party Administrator's Bond - Oklahoma
Third Party Administrator's Bond is a legal document that was released by the Oklahoma Insurance Department - a government authority operating within Oklahoma.
FAQ
Q: What is a Third Party Administrator's Bond?
A: A Third Party Administrator's Bond is a type of surety bond required by the state of Oklahoma for individuals or organizations that act as third party administrators for employee benefit plans.
Q: Why is a Third Party Administrator's Bond required?
A: The bond is required to protect the plan beneficiaries from financial loss or mismanagement by the third party administrator.
Q: How much is the bond amount for a Third Party Administrator's Bond in Oklahoma?
A: The bond amount must be at least $50,000 per benefit plan, with a minimum aggregate bond requirement of $100,000.
Q: Are there any other requirements to become a third party administrator in Oklahoma?
A: Yes, in addition to the bond requirement, you must also meet certain financial and operational requirements set by the Oklahoma Insurance Department.
Form Details:
- The latest edition currently provided by the Oklahoma Insurance Department;
- Ready to use and print;
- Easy to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of the form by clicking the link below or browse more documents and templates provided by the Oklahoma Insurance Department.
Download Third Party Administrator's Bond - Oklahoma
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