Services

Company & TPA Licensing

Navigating the world of insurance licensing for businesses can be a complex and overwhelming experience. That’s where First Consulting & Administration comes in, with our expertise in third party administrator (TPA) licensing. As a knowledgeable partner in the process, First Consulting can provide businesses with the guidance and support needed to ensure compliance with state regulations and ultimately obtain the necessary licensing. With our thorough understanding of the nuances of the industry, First Consulting is the go-to source for businesses looking to successfully and efficiently navigate the often-confusing waters of TPA licensing.

Third Party Administrator (TPA) Licensing Services

Currently, forty-six (46) states require some type of license or registration to act as a Third Party Administrator. First Consulting has researched the licensing requirements in all states, and developed three different methods to assist with TPA licensing:

  1. Full Service TPA Licensing: Put First Consulting’s experience to work for you. Full service TPA licensing means we are with you through every step of the process. We’ll provide you with a summary of all the information required for each jurisdiction, complete the necessary TPA application forms and submit the licensing package to each state for approval. First Consulting will proactively perform routine follow-ups with the states and keep you updated on developments and requests for additional information throughout the entire review process. The First Consulting process allows you to maintain control of the work, while First Consulting does all of the heavy lifting to produce accurate filings that will get you the quickest approvals possible. Contact Us today for a free quote.
  2. On-Line TPA Licensing Manual, with telephone support: For the do-it yourselfer that desires assistance on an as-needed basis, you will receive the On-Line TPA Licensing Manual plus up to 10 hours/year of consulting with an experienced associate that can provide you answers to your questions as you complete the necessary licensing applications. ($3,000 per year)
  3. On-Line TPA Licensing Manual: 24/7 access to everything you need to create and file your own TPA licensing applications in each state (1 year subscription is $1,000):
  • Links to applicable laws and regulations.
  • Definitions of what constitutes a TPA in each state and a listing of any organizations that are not included.
  • Initial and Renewal TPA Licensing Requirements.
  • Links to each state’s TPA Licensing Application forms.
  • TPA Bond requirements.

Contact Us for more information, or take a virtual tour of the service for free by logging in here with username: virtualtour and password: research, then select the Research tab.

TPA License Renewal

Take the stress out of the renewal and reporting process by letting First Consulting maintain your TPA licenses by:

  • Tracking your renewal and annual reporting dates
  • Providing online access to view the status or your licenses
  • Advising what documents are needed for renewal and reporting
  • Prepare and submit your renewal and reporting forms to the insurance department

TPA Fraud Plan

It’s becoming more and more common that TPA’s are being asked to develop their own internal Fraud Plan. Put first Consulting’s experience tow work for you, and we’ll create a custom Fraud plan that exactly matches your business practices.

Carrier Licensing

UCAA Corporate Expansion/Changes

Today’s economic and legal environment is a driving force behind changes and expansion for many insurance companies. The changing landscape often leads to company’s seeking to:

  • expand lines of authority in an existing state
  • seek admission in a new jurisdiction
  • rebrand or change their name
  • merge or undergo changes in ownership

While the Uniform Certificate of Authority Application (UCAA) was designed to simplify this process, a successful application often depends on the quality of a submission. First Consulting’s team is well versed in the UCAA requirements for expansion and corporate amendment applications. We can file the application on your behalf and manage the process from start to finish.

Producer Licensing

First Consulting brings decades of insurance compliance expertise to support insurance companies in managing the complex world of producer licensing. Our experienced team understands the regulatory requirements in all jurisdictions and offers tailored solutions to help insurers maintain compliance with state-specific rules. By handling these critical administrative tasks, we help reduce the risk of regulatory issues and free up internal resources to focus on core business operations.

In addition, we stay current with evolving regulatory trends and changes from the NAIC and state insurance departments, helping clients anticipate and respond proactively to shifting requirements. Whether an insurer is expanding into new markets or streamlining their current licensing process, First Consulting delivers reliable, efficient, and cost-effective support that aligns with business goals and compliance expectations.

Other Licensing

Specialty Insurance Licenses

First Consulting has the experts to handle those “specialty” licenses as well. Whether you’re a Home Service Contract Provider, Discount Medical Plan Organization (DMPO), Pharmacy Benefit Manager (PBM), or any other entity requiring a unique insurance license we can help. Contact our team to discuss how we can assist you with initial and renewal licensing filings.

AO and RSO Licensing

First Consulting is experienced with getting InsurTech’s and other specialty companies licensed as an Advisory Organization and/or Rate Service Organization. First Consulting is one of the few companies that has the experience of having helped multiple entities get this unique licensing. Contact Us today and let’s discuss how First Consulting can help your company to expedite this licensing.