This surety bond is required by the Insurance Commissioner of the State of Oklahoma. This bond functions as a form of protection for the state by ensuring that the bondholder, or Principal, will conduct business in accordance with the Oklahoma Insurance Code. The premium on this bond is typically as low as 1%. The required bond amount is based off of estimated gross premium on the previous year:
Estimated Gross Premium Amount of Bond Required
Based on Previous Year
$1,000,000 and above $40,000
500,000 to 999,999 35,000
250,000 to 499,999 30,000
100,000 to 249,999 25,000
75,000 to 99,999 20,000
50,000 to 74,999 15,000
25,000 to 49,999 10,000
Everything below 25,000 5,000
To Secure an Oklahoma Surplus Lines Broker Bond:
- Complete an online application.
- One of our expert commercial surety agents will call and email you with the firm quote and an agreement to sign.
- Provide payment and your signed agreement, then you will receive your bond!
** all bonds are subject to the underwriting terms and conditions of the issuing company.