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Oklahoma Insurance Consultant Bond

What is an Oklahoma Insurance Consultant Bond?

An Insurance Consultant's Bond is a type of surety bond required in Oklahoma for professionals who specialize in assisting businesses and individuals in evaluating their insurance needs and developing an insurance plan to those needs. The Insurance Consultant's Bond is for those who have made application to the Insurance Commissioner of the State of Oklahoma for a license as an Insurance Consultant pursuant to the provision of the Oklahoma Insurance Code, Title 36 O.S. ยง1421. The surety bond is written for the benefit of any party financially harmed by the acts of the bonded consultant arising out of business conduct as a licensed insurance consultant.

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