If you are engaged in the operation of a private vocational school in Oklahoma you are required under Title 70, Section 121-101 et. seq. of the Oklahoma Statutes to file an Oklahoma Private School 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 School Bond holds you accountable for your business decisions.
By possessing an Oklahoma School Bond, you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.