Okla. Stat. tit. 36, § 36-613.1: Surety bond or other security arrangement required

Any insurance company transacting the business of property and

casualty insurance in this state shall not be issued a new or

renewal certificate of approval unless the company has provided a

corporate surety bond or approved alternative security arrangement

in an amount determined by the State Insurance Commissioner to be

sufficient to provide for the return of unearned premiums if a

policy is canceled during the term thereof by an insurance company.

The State Insurance Commissioner shall promulgate rules and

regulations to implement and carry out the provisions of this

section.