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Oklahoma Insurance Broker Bond

How much does an insurance broker surety bond cost in Oklahoma?

The Oklahoma Insurance Department requires a $5,000 surety bond for life or accident and health insurance brokers.

SuretyBonds.com issues these bonds instantly for just $100! No credit check is required, so everyone qualifies for this low rate. Simply click “Buy Now” to purchase your bond online using our secure payment portal. In just a few minutes you can be on your way to being bonded as an Oklahoma insurance broker.

Bond Type Bond Amount Cost
$5,000 Insurance Broker's Bond $5,000 $100
*The bond premium rate quotes provided to you through this website are for pricing comparisons and quotation estimate purposes only. The bond rate quotes provided are based on general assumptions that may or may not be applicable to you and are subject to change at any time. These rate quotes do not constitute an offer of insurance, nor is any contract, agreement, or bond coverage implied, formed or bound by the provision of rate quotes. Bondability, final bond premium rate quotes and an offer of insurance, if any, will be determined by the insurance company providing your bond. You must contact us directly to obtain a quote for binding purposes.

Why do I need this bond?

By posting an Oklahoma insurance broker’s surety bond, principals (brokers) pledge to adhere to the terms set in Section 1464C, Title 36 of the Oklahoma Statutes Annotated. Specifically, this bond guarantees the full accounting and due payments to the person or company entitled to them as part of an insurance transaction at the hands of the broker.

What’s the fine print?

Oklahoma insurance broker’s bonds are continuous until canceled. If the surety chooses to cancel the bond, 30 days written notice must be given to the insurance broker and the Commissioner of Insurance.

Ready to get started?

Life or Accident and Health Insurance Broker’s Bond State of Oklahoma form

Oklahoma Insurance Department Licensing Forms

Oklahoma Statutes Title 36. Insurance Code

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