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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 36, § 36-2912: Attorney's bond

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Where this section sits in the code
  1. OK Code
  2. Title 36

A. Concurrently with the filing of the declaration provided for

in Section 2908 of this article, the attorney of a domestic

reciprocal insurer shall file with the Insurance Commissioner a bond

in favor of the State of Oklahoma for the benefit of all persons

damaged as a result of breach by the attorney of the conditions of

his bond as set forth in subsection B hereof. The bond shall be

executed by the attorney and by an authorized corporate surety, and

shall be subject to the Insurance Commissioner's approval.

B. The bond shall be in the penal sum of Twenty-five Thousand

Dollars ($25,000.00), aggregate in form, conditioned that the

attorney will faithfully account for all monies and other property

of the insurer coming into his hands, and that he will not withdraw

or appropriate to his own use, from the funds of the insurer, any

monies or property to which he is not entitled under the power of

attorney.

C. The bond shall provide that it is not subject to

cancellation unless thirty (30) days' advance notice in writing of

cancellation is given both the attorney and the Insurance

Commissioner.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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