Okla. Stat. tit. 36, § 36-1435.22: Applicant to file bond prior to issuance of license

1. Prior to issuance of a license as a surplus lines insurance

broker, the applicant shall file with the Commissioner and

thereafter, for as long as the license remains in effect, shall keep

in force a bond in an amount of not less than Five Thousand Dollars

($5,000.00) and not more than Forty Thousand Dollars ($40,000.00)

with an authorized corporate surety approved by the Commissioner.

The exact amount of the bond shall be determined pursuant to the

rules of the Commissioner and shall be based upon the actual or

reasonably estimated premium for policies issued in connection with

the services of the licensee. The surety shall notify the

Commissioner of any changes in the bond of any licensee. The

aggregate liability of the surety for any and all claims on a bond

required by the provisions of this subsection shall in no event

exceed the amount of the bond. No such bond shall be terminated

unless at least thirty (30) days' prior written notice of the

termination is given by the surety to the licensee and the

Commissioner. Upon termination of the license for which the bond

was in effect, the licensee shall notify the surety within ten (10)

working days.

2. The Commissioner may waive bonding requirements for

nonresident surplus lines insurance brokers.

3. All surety protection required by the provisions of this

section is to inure to the benefit of any party aggrieved by the

acts of a broker arising pursuant to conduct as a licensed surplus

lines insurance broker.