Third-party Administration	9 Months Ended
Sep. 30, 2022
Third-Party Administration
Third Party Administration	Note 15. Third-Party Administration The Company commenced its third-party administrative (“TPA”) services in 2012 as an additional revenue source. These services are offered to non-affiliated entities. These agreements, for various levels of administrative services on behalf of each customer, generate fee income for the Company. Services provided vary based on each customer’s needs and can include some or all aspects of back-office accounting and policy administration. TPA fee income earned for TPA administration during the three months ended September 30, 2022, and 2021, were less than $0.1 million, for both periods. TPA fee income earned for TPA administration during the nine months ended September 30, 2022 and 2021 was $0.1 million and $0.3 million, respectively. As of September 30, 2022, 1505 Capital had $494.5 million of third-party assets under management.

Third-party Administration

9 Months Ended

Sep. 30, 2022

Note 15. Third-Party Administration

The Company commenced its third-party administrative (“TPA”) services in 2012 as an additional revenue source. These services are offered to non-affiliated entities. These agreements, for various levels of administrative services on behalf of each customer, generate fee income for the Company. Services provided vary based on each customer’s needs and can include some or all aspects of back-office accounting and policy administration. TPA fee income earned for TPA administration during the three months ended September 30, 2022, and 2021, were less than $0.1 million, for both periods. TPA fee income earned for TPA administration during the nine months ended September 30, 2022 and 2021 was $0.1 million and $0.3 million, respectively. As of September 30, 2022, 1505 Capital had $494.5 million of third-party assets under management.