Okla. Stat. tit. 40, § 40-3-406
This is the official text of Okla. Stat. tit. 40, § 40-3-406, part of Oklahoma’s Stat. tit. 40, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 40,." Browse the sections below, each linked to its official government source.
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Bond in lieu of cash deposit
Official statutory text
BOND IN LIEU OF CASH DEPOSIT. In lieu of the cash payment
provided for in Section 3-405 of this title, the employer may file
with the Commission a surety bond issued by an insurance company
that is licensed by the Oklahoma Insurance Department to issue
surety bonds in this state. The surety bond must be issued in an
amount that is double the amount of the contribution, penalties,
interest and fees assessed or owing, and include the conditions that
the employer will faithfully and diligently prosecute the appeal to
a final determination, and, in the event the order, judgment, ruling
or finding of the Commission or its duly authorized representative
be affirmed on appeal, will pay the contributions, interest,
penalty, costs and fees assessed against, or owing by, the employer.
provided for in Section 3-405 of this title, the employer may file
with the Commission a surety bond issued by an insurance company
that is licensed by the Oklahoma Insurance Department to issue
surety bonds in this state. The surety bond must be issued in an
amount that is double the amount of the contribution, penalties,
interest and fees assessed or owing, and include the conditions that
the employer will faithfully and diligently prosecute the appeal to
a final determination, and, in the event the order, judgment, ruling
or finding of the Commission or its duly authorized representative
be affirmed on appeal, will pay the contributions, interest,
penalty, costs and fees assessed against, or owing by, the employer.
Status: in_force · Read it on the official government site
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