N.H. Admin. Code Ins, ch. Ins 2300, pt. Ins 2301, app 3
Form TPA-3 NEW HAMPSHIRE THIRD PARTY ADMINISTRATOR BOND
BOND NO. ________
KNOW ALL MEN BY THESE PRESENTS:
That we, ______________________________________________________________, as Principal, and ______________________________________________________ as Surety, are held and firmly bound unto, _____________________________________________ Commissioner of Insurance for the State of New Hampshire and his successors in office, for the use and benefit of the State of New Hampshire and the citizens thereof, in the sum of _______________________________________________ dollars, lawful money of the United States, for the payment of which well and truly to be made, we hereby bind ourselves, our successors and assigns, jointly, severally and firmly by these presents.
WHEREAS the said Principal has applied to the Commissioner of Insurance of the State of New Hampshire to be licensed as a Third Party Administrator in the State of New Hampshire as prescribed in New Hampshire Revised Statutes Annotated RSA 402-H and as required by Regulations Ins 2300 of the New Hampshire Insurance Department to give bond unto the Commissioner of Insurance for the State of New Hampshire to guarantee the payment of all claims or other legal obligations which the Principal fails to pay, up to the amount of this bond, which arise from the operations of the Principal in the State of New Hampshire.
NOW, THEREFORE, this bond shall continue in full force and effect until terminated in the following manner. This bond may be cancelled by the Insurance Commissioner for the State of New Hampshire by written notice from the Insurance Commissioner to the Surety hereon, which notice shall specify the date of termination of the bond.
Cancellation by the Surety Company shall not be effective until 90 days following receipt of written notice to the Insurance Commissioner and Principal.
IN WITNESS WHEREOF, the parties herein have caused this bond to be executed this _______ day of ___________________, 20 ______.
(Witness) (Principal)
By:
(Witness) By:
N.H. Admin. Code Ins, ch. Ins 2300, pt. Ins 2301, app 3