March 2017
New Indiana Insurance Department Bulletin Changes TPA Licensing and TPA Renewals

A recent Indiana Department of Insurance Bulletin announces a change regarding how the Department will issue initial third party administrator licenses and renew existing licenses for nonresident third party administrators (TPA) in Indiana. The change came on March 2 when Indiana Insurance Commissioner Stephen Robertson issued Bulletin 236.

Under IC 27-1-25-12.2, a nonresident administrator is not eligible for a nonresident administrator license unless the nonresident administrator is licensed as a resident administrator in a home state that has TPA laws or regulations that are substantially similar to Indiana’s TPA laws.

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