Nevada Third Party Administrators Surety Bond
Third Party Administrators seeking licensure in the state of Nevada are required to post a surety bond in accordance with the requirements listed below.
The base Surety Bond amount must be $100,000, the bond for each administrator must be increased as follows for each $1,000,000 received and distributed by the administrator within Nevada during an average month:
|Amount Received and Distributed
|Less than $1,000,000
|$1,000,001 - $2,000,000
|$2,000,001 - $3,000,000
|$3,000,001 - $4,000,000
|$4,000,000 - $5,000,000
|More than $5,000,000
||10% of the amount received and distributed, not to exceed a bond amount of $1,000,000
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