How much does an athlete agent bond cost in Oklahoma?
The Oklahoma Secretary of State requires those wishing to become athletic agents to file a $50,000 surety bond. These bonds are subject to underwriting, which means the amount applicants pay for their bond is based on a review of their personal credit reports. Applicants with strong financial credentials could qualify for a 1% rate, or just $500.
The best way to find out exactly how much you’ll pay for your bond is to apply for your free bond quote now!
Call 1 (800) 308-4358 or submit a bond request to connect with our team of surety bond experts. We can provide your free, no-obligation bond quote within 1 day of submitting your application.
Why do I need this bond?
Oklahoma athletic agents must obtain a surety bond in compliance with the Oklahoma Uniform Athlete Agents Act. The bond protects any person harmed by the principal (athletic agent). The surety will pay up to the full bond amount to the harmed party in order to settle the claim, at which point the athletic agent must reimburse the surety.
What’s the fine print?
Athlete agent bonds are in effect for one year unless claimed against or canceled by the surety. The surety must give 60 days’ advance, written notice to the obligee before the cancellation can take effect.
How to become an athlete agent in Texas
To become an athlete agent in Oklahoma, an applicant must submit the following:
- Application to the Secretary of State
- List of all names and addresses of athletes represented
- $1,000 application filing fee
- $50,000 surety bond
All applications and information can be accessed through the Additional Resources section below.
