If you are engaged in the operation of a private employment agency in Oklahoma you are required under Title 40, Sections 53 through 55 of the Oklahoma Statutes to file an Oklahoma Professional Employer Organization Bond as a condition of licensure.
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 Professional Employer Organization Bond holds you accountable for your business decisions.
By possessing an Oklahoma Professional Employer Organization Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.