Okla. Admin. Code § 765:4-1-3

Current through Vol. 42, No. 4, November 1, 2024

Section 765:4-1-3 - Bonds

(a) All bonds required for licensing shall expire on the 31st day of December of the odd numbered year after the issuance of the bond, except as provided hereinafter. Upon proof that the cost of the required bond for the entire license period exceeds Two Thousand Dollars ($2,000.00), an applicant or licensee may request that the Commission allow the applicant or licensee to submit a one (1) year bond which expires December 31st of the year of the issuance of the license and a separate bond for the second license year. In the event that the licensee fails to submit a bond for the second license year, the license shall expire and be revoked coterminously with the expiration of the bond.

(b) Any bond required for any license to be issued by this Commission may be submitted by electronic means, provided the electronic bond provides sufficient information to allow the Commission to determine that the bond is a good and valid bond issued by the bonding company providing the bond.

Adopted by Oklahoma Register, Volume 33, Issue 24, September 1, 2016, eff. 9/11/2016

Amended by Oklahoma Register, Volume 34, Issue 24, September 1, 2017, eff. 9/11/2017