Okla. Admin. Code § 460:20-37-11

Current through Vol. 42, No. 7, December 16, 2024

Section 460:20-37-11 - Surety bonds

(a) A surety bond shall be executed by the operator and a corporate surety licensed to do business in the State where the operation is located.

(b) Surety bonds shall be noncancellable during their terms, except that surety bond coverage for lands not disturbed may be cancelled with the prior consent of the Department. The Department shall advise the surety, within 30 days after receipt of a notice to cancel bond, whether the bond may be cancelled on an undisturbed area.