If you are engaged as a third party administrator in Oklahoma you are required under Title 36, Section 1448 of the Oklahoma Statutes to file an Oklahoma Third Party Administrator Bond as a condition of licensure.
Bonds Express offers an Oklahoma Third Party Administrator Bond with a 99% approval rate.
A surety bond protects the party requesting the bond, the Obligee, against any financial losses as a result of poor financial decisions, damages, unethical decisions, or a failure to follow state and local laws on the part of you, the Principal. The Oklahoma Third Party Administrator Bond holds you accountable for your business decisions.
By possessing an Oklahoma Third Party Administrator Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.