Administrator’s Certificate of Registration
About
Approval to operate as a third-party administrator (TPA).
Code Citation IC 510 & IAC 191.58
Who Applies A person collecting charges or premiums from, or adjusting or settling claims on, Iowa residents in connection with life or health insurance coverage or annuities must hold a current certificate of registration. See IC 510.11.
When To Apply Application must be made and a certificate issued before a person acts in the capacity of administrator. See IC 510.21 and IAC 191.58.3.
Initial Requirements Applicants must submit an application and TPA checklist items found at https://iid.iowa.gov/third-party-administrators-tpas.
Duration Three years. See IC 510.21.
Processing Time 10-15 business days.
Fee Structure Filing: $100
Renewal Requirements Third-party administrators wishing to renew the registration must do so every three years.
Exam Does not pertain.
Additional Information All third-party administrators must submit an annual report by July 1 of every year. If the third-party administrator is acting as a pharmacy benefits manager the third party-administrator must also file a pharmacy benefits manager annual report, by February 15th of every year. All companies functioning under the ERISA Taft Hartley Act are exempt from registration requirements, however, they must complete a third party affidavit form and file it with the Iowa Insurance Division.
Services Provided
Service Category
- Service SubCategory
Producer Licensing
1963 Bell Avenue, Suite 100 Des Moines IA, 50315
Suite 100
Des Moines, IA 50315
(515) 654-6565
[email protected]
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