Oklahoma viatical settlement broker bonds.
$500 flat.
Oklahoma licenses viatical settlement brokers through the Insurance Department under the Viatical Settlements Act, and 36 O.S. § 4055.3 requires evidence of financial responsibility in the amount of $50,000; a surety bond is the way most brokers satisfy it. Ours is $500 flat.
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How much does an Oklahoma viatical settlement broker bond cost?
$500 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
The bond is the straightforward part of a viatical broker filing. Here's the entire process:
Apply online
Business details, a short set of commercial questions, an effective date, and a term. That is the application — and the credit screen it authorizes is a soft pull that never shows as a hard inquiry.
Pay & e-sign
This bond is checkout-priced at $500 flat, so it issues the moment you pay — your executed bond and power of attorney generate on the spot.
File with the Insurance Department
Your executed bond arrives by email, ready to submit with your viatical settlement broker license application. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
A viatical settlement broker represents a policy owner in negotiating the sale of a life insurance policy to a settlement provider. Oklahoma licenses brokers through the Insurance Commissioner under the Viatical Settlements Act, 36 O.S. §§ 4055.1–4055.17, and 36 O.S. § 4055.3 conditions that license on evidence of financial responsibility in the amount of $50,000. Since November 1, 2019 the figure has been fixed rather than sliding.
The statute lets you satisfy it with a surety bond issued by an insurer authorized to write surety in Oklahoma, a policy of errors and omissions insurance, a deposit of cash, certificates of deposit or securities, or any combination — the bond is simply the least capital-intensive of those routes. The obligee is the State of Oklahoma through the Insurance Department, and the protected parties are the viators you represent.
It is not insurance for you — if the surety pays a claim, you repay the surety. The financial-responsibility evidence has to stay in force for the life of the license, which renews annually, so we track the term and send renewal notices 60 and 30 days out.
You need this bond if you're
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 $50,000 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; a longer term is the same price per year, chosen at checkout.
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. Your executed bond arrives by email, ready to submit with your viatical settlement broker license application. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $500 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it 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 — business details, the commercial questions, an effective date, and a term. That is the application.
Start the application →Common questions.
Other Oklahoma bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your viatical broker license today.
$500 flat, issued the moment you pay, soft pull only. Free until issued.