As an insurance broker in the State of Oklahoma, it is required that you execute an Oklahoma Surplus Lines / Insurance Broker Bond before you can be licensed by the State. We recommend that you read Title 36, Oklahoma Statutes, Section 101 for more information about the licensing process for the State of Oklahoma.
Bonds Express offers an Oklahoma Surplus Lines / Insurance Broker Bond with a 99% approval rate. You will be required to provide a signed application in order get approval for an Oklahoma Surplus Lines / Insurance Broker Bond up to $6,000; for values over this amount, we will require business and personal indemnity; a clean credit report, and business and personal financial documentation.
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 Surplus Lines / Insurance Broker Bond holds you accountable for your business decisions.
By possessing an Oklahoma Surplus Lines / Insurance Broker Bond , you are telling your Obligee that you can be trusted as a Principal and that you stand behind your business decisions.