Oklahoma surplus lines broker bonds.
From $100.
An Oklahoma surplus lines broker files a bond in favor of the Insurance Commissioner before placing business with non-admitted carriers. The amount is not one number — it steps up with the gross premium or gross fees you wrote last year, from $5,000 at the bottom of the schedule to $40,000 at the top. Premiums cost 1% of the bond amount, $100 minimum.
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How much does an Oklahoma surplus lines broker bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No underwriting queue on a broker bond — pick your tier, pay, and get it to the Licensing Division. Here is the whole thing:
Apply online
Your entity type, business details, the bond amount your tier calls for, and an effective date. That is the application.
Pay & e-sign
Your exact price appears before you pay, and the bond issues the moment you do. No credit check up to $40,000, and most applications approve instantly.
File with the Insurance Department
The Licensing Division handles surplus lines bonds. Send the executed bond with your license application or renewal — wet-ink original mailed on request.
What it is and who needs it.
What the surplus lines broker bond covers
A surplus lines broker is the licensee Oklahoma allows to place risks with non-admitted insurers — carriers not licensed here, and so not backed by the state guaranty fund. That is the whole point of the license: the broker is the accountable party standing between an Oklahoma insured and a carrier the state does not regulate. The bond makes that accountability collectible.
It is obtained in favor of the Commissioner from authorized corporate sureties the Commissioner approves, and it conditions on the licensee conducting business in accordance with applicable law. Critically, it runs to the benefit of any party aggrieved by the acts of the licensee — an insured whose diligent-effort search was never really performed, or whose premium never reached the carrier, is a claimant, not a bystander. No bond may be terminated unless at least thirty days' written notice is given by the surety to both the licensee and the Commissioner.
The bond sits inside a duty set with real teeth. The broker collects and remits 6% premium tax on gross premium to the Commissioner, quarterly, electronically; policies effective on or after January 1, 2024 report through SLIP (with a 0.175% SLAS transaction fee) rather than OPTins, and every active licensee also files an annual report. Oklahoma allows no courtesy filings and publishes no export list, so verifying carrier eligibility and performing the diligent-effort search are on you. Failure to remit the tax carries a civil penalty of up to $25 a day, per policy. It is not insurance for you: if the surety pays, you reimburse the surety.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the Insurance Department. The Licensing Division handles surplus lines bonds. Send the executed bond with your license application or renewal — wet-ink original mailed on request.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
No credit check up to $40,000. Above that, the carrier may run a soft pull, which never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual issuing fields. No credit check up to $40,000.
Start the application →Common questions.
Other Oklahoma bonds.
The same bond in nearby states.
Price and requirements checked on the carrier’s application, . Page updated .
Place non-admitted business without the paperwork stall.
Pick your tier, see the exact price, and file the executed bond with the Insurance Department Licensing Division. Free until issued.