Oklahoma Surplus Lines Broker Bond

The Oklahoma Surplus Lines Broker 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 bond holder, or Principal, will conduct business in accordance with the Oklahoma Insurance Code. The bond amount required 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

In order to find out the cost of the surety bond, all we need is the completed application. Surety1 has access to the best surety markets available, so we will be able to get you bonded quickly at the best possible price!