Oklahoma Commercial Minnow Dealer Bond Guide
If you’re applying for an interstate commercial minnow dealer license in Oklahoma, you’ll need this surety bond.
Bond Overview
- Purpose: To ensure minnow dealers crossing state lines comply with license regulations
- Who Needs It: Interstate commercial minnow dealers in Oklahoma
- Regulating Body: The Oklahoma Wildlife Conservation Department
- Required Coverage: $1,000
- Premium Rate: $100
Learn all about the bond requirements and process in this guide.
What Is an Oklahoma Interstate Commercial Minnow Dealer Bond?
An Oklahoma interstate commercial minnow dealer bond is a type of license surety bond. It holds commercial minnow dealers that operate across state lines liable for upholding Oklahoma laws and Wildlife Department regulations.
How Much Do Minnow Dealer Bonds Cost?
A $1,000 Oklahoma commercial minnow dealer bond costs a flat rate of $100. No credit check or application is required.
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Who Needs a Commercial Minnow Dealer Bond?
The Oklahoma Wildlife Conservation Department requires this bond as part of the licensing process for interstate commercial minnow dealers.
Intrastate dealers that do not cross state lines are not required to be bonded.
How Do I Get My Bond?
With SuretyBonds.com, you can buy your Oklahoma commercial minnow dealer bond instantly online. Just enter your information and checkout in minutes.
We’ll email you the bond shortly after purchase. Be sure to file it with the Wildlife Conservation Department as instructed.
If you have any questions, call our friendly surety experts at 1 (800) 308-4358 for assistance.
How Does a Commercial Minnow Dealer Bond Work?
An interstate commercial minnow dealer bond creates a legal contract between these three parties:
- Principal: You, the commercial minnow dealer filing the bond
- Obligee: The Oklahoma Wildlife Conservation Department requiring the bond
- Surety: The provider issuing the bond
This holds you financially responsible for upholding all applicable state statutes and Wildlife Department rules for licensees.
If you break the bond terms, harmed parties can file claims. The surety will pay valid claims up to the bond amount, but you must ultimately refund the surety.
How Do I Renew My Bond?
These bonds expire annually on December 31 along with the dealer license. However, you can renew year over year by paying your renewal premium and filing the continuation certificate as proof of ongoing coverage.
We’ll begin contacting you by phone and email 90 days before the expiration date.
