{"data":{"id":"us-ok/okla.-stat.-tit.-36-36-4904","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 36, § 36-4904","heading":"Bail bond insurers - Financial statement - Reports","body":"A. Each insurer writing bail bonds in this state shall file in\n\nthe Office of the Insurance Commissioner quarterly statements which\n\nshall exhibit the financial condition of the insurer. The\n\nstatements shall be in such general form and content as approved by\n\nthe National Association of Insurance Commissioners for the kinds of\n\ninsurance to be reported, and as supplemented for additional\n\ninformation as required by the Commissioner. Such statements shall\n\nbe subscribed and sworn by the president and secretary and other\n\nproper officers of the insurer. The statements shall be filed on or\n\nbefore the following dates:\n\n1. First quarter statement, which shall include data from\n\nJanuary 1 to March 31, on the last business day in April;\n\n2. Second quarter statement, which shall include data from\n\nApril 1 to June 30, on the last business day of July;\n\n3. Third quarter statement, which shall include data from July\n\n1 to September 30, on the last business day of October; and\n\n4. Annual financial statement as described in Section 311 of\n\nthis title, which shall serve as fourth quarter statement and which\n\nshall be filed annually on the date specified in Section 311 of this\n\ntitle, in the office of the Commissioner by each insurer writing\n\nbail bonds.\n\nB. The statements required to be filed pursuant to subsection A\n\nof this section shall contain the loss reserve for bail bonds\n\nwritten in this state. Loss reserves shall be computed as twenty-\n\nfive percent (25%) of the direct written premium of outstanding\n\nliability less monies held by the insurer in trust to pay losses\n\nfrom bail.\n\nC. Each insurer writing bail bonds in this state shall file\n\nmonthly reports based upon the previous month's activity with the\n\nCommissioner and on forms prescribed by the Commissioner within\n\nthirty (30) days after the end of each preceding month, which shall\n\ninclude the following information and such other information as the\n\nCommissioner deems necessary:\n\n1. Amount of deposit held by the Commissioner with a list of\n\nthe securities available and their current valuation;\n\n2. Bail bond premium volume for this state;\n\n3. Administrative action, if any, taken by other states against\n\nthe insurer;\n\n4. List of collateral held by the insurer stating the location\n\nof collateral, the corresponding county involved, the case number\n\nand the bondsman soliciting the bond;\n\n5. Loss ratio;\n\n6. Outstanding liability; and\n\n7. A list of agents or bondsmen whose contracts have been\n\ncanceled.","path":["OK Code","Title 36"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os36.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"417a98a7411cb4eb877fdb33a251b3948e73b797c9064925b791cb044e451c48","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-36-36-4903","next":"us-ok/okla.-stat.-tit.-36-36-5001"},"notice":"GroundRules: Original legal text. Not legal advice."}