Okla. Stat. tit. 36, § 36-6214
This is the official text of Okla. Stat. tit. 36, § 36-6214, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Bond of public adjuster
Official statutory text
A. Prior to the issuance of a license as a public adjuster or
any renewal of the license, the applicant shall file with the
Commissioner a surety bond in favor of the people of the State of
Oklahoma, executed by a surety company authorized to do business in
the state, in the amount of Twenty-five Thousand Dollars
($25,000.00). The total aggregate liability on the bond may be
limited to the payment of Twenty-five Thousand Dollars ($25,000.00).
The bond shall be conditioned on the accounting by the adjuster to
any insured whose claim the adjuster is handling for monies or any
other settlement received in connection with the claim.
B. Any bond shall remain in force concurrently with the license
or until the surety is released from liability by the Commissioner,
or until canceled by the surety. Without prejudice to any liability
accrued prior to the cancellation, the surety may cancel a bond upon
thirty (30) days' advance notice in writing filed with the
Commissioner.
C. Effective December 1, 1983, such bond shall be required of
all public adjusters.
any renewal of the license, the applicant shall file with the
Commissioner a surety bond in favor of the people of the State of
Oklahoma, executed by a surety company authorized to do business in
the state, in the amount of Twenty-five Thousand Dollars
($25,000.00). The total aggregate liability on the bond may be
limited to the payment of Twenty-five Thousand Dollars ($25,000.00).
The bond shall be conditioned on the accounting by the adjuster to
any insured whose claim the adjuster is handling for monies or any
other settlement received in connection with the claim.
B. Any bond shall remain in force concurrently with the license
or until the surety is released from liability by the Commissioner,
or until canceled by the surety. Without prejudice to any liability
accrued prior to the cancellation, the surety may cancel a bond upon
thirty (30) days' advance notice in writing filed with the
Commissioner.
C. Effective December 1, 1983, such bond shall be required of
all public adjusters.
Status: in_force · Read it on the official government site
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