Third Party Administrator

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While there are some similarities, each state’s TPA licensing requirements are different and need to be handled as such. We do provide our clients with a general data form and checklist of information that is required by most states as a whole, but more importantly we tailor our TPA licensing services and TPA compliance consulting services specifically to the requirements for those states in which the client needs to be licensed.

We have detailed and current state-specific checklists and license instructions which will prevent you from wasting time compiling information, documents, and applications you may not need.

TPA Licensing

Patton Compliance has successfully helped clients obtain hundreds of new third party administrator (TPA) licenses in all states that have a TPA licensing requirement. We also provide TPA license renewal management services for TPAs of all sizes.

Currently 47 states have a TPA licensing or registration requirement of some sort, and several more have a corporate adjuster requirement. Click here to find out which states do NOT have a TPA license or registration requirement.

Our staff is experienced, professional, and we can manage the complex state licensing process for your company from start to finish. Patton Compliance provides comprehensive consulting services to get your TPA licenses fast and efficiently or manage your ongoing renewal processing so you can get back to work. Talk to Patton Compliance for more information about our TPA licensing services.

TPA Compliance

Patton Compliance has extensive experience assisting clients with the following research and compliance needs:

State-by-state TPA licensing and statutory requirements
Employee benefit administrator licensing requirements
Exemptions from TPA licensure
Bond (surety and fidelity) and E&O requirements
TPA application requirements
Renewal license requirements

Adjuster requirements
Coordination of corporate registrations with TPA licensure
Financial viability requirements
Required document consultation (financials, business plans, etc.)
Assistance resolving administrative actions / DOI demands
Special projects on a client-specific basis

TPA License New Application Process

Our TPA license new application processing services include:

Completion of state TPA applications
Compilation of required documents
Assistance with bond (fidelity and surety) and E & O requirements
Completion of corporate officer/director biographies
Assistance with obtaining background checks, as well as fingerprint requirements
Responses to DOI inquiries to submitted application

Detailed state-specific application and document checklists to organize the licensing process
Consultation on state financial viability requirements
Consultation on required administrative agreements
Individual TPA licensure, where applicable
Corporate registrations / registered agent

TPA License Renewal Management

After valuable TPA licenses have been obtained, timely filing of TPA license annual reports, renewals, and other required items is essential in order to keep TPA licenses in good standing. Many states levy fines for late filings, so timeliness is critical. Patton Compliance handles TPA license renewal management for dozens of companies, and we have a proven track record of keeping our clients' TPA licenses in compliance. Our TPA license renewal management services include:

Establish an initial client database of secured licenses and registrations
Provide client with notice of upcoming license renewals
Prepare detailed state-specific checklists for each required filing
Prepare state forms
Prepare fee checks for submissions and maintain client fee accounts

Submit filings to states
Scan and maintain copies of client filings
Track client filings and follow-up with states
Respond to inquiries from states on submitted filings
Answer client questions regarding state filings
Ensure compliance with state TPA filing requirements

Secretary of State Registrations

As part of the TPA insurance licensing process, many states require verification that the company has registered with the secretary of state's office as an out-of-state company authorized to do business in the state. This applies to corporations, LLCs and partnerships, and other types of business entities. In addition, if the company does not have its own office or physical address in the particular state, the company is required to retain a "registered agent" to receive government and other formal documents on behalf of the company.

The corporate registration and registered agent process can be time consuming, and if not completed efficiently can cause delays in the TPA licensing process itself.

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