OK 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, the price you see is the checkout price, and the bond issues the moment you pay. The credit screen this application authorizes is a soft pull only — it never affects your score.
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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 entire 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
One application, issued instantly.
These are the actual issuing fields — business details, the commercial questions, an effective date, and a term. That is the entire application.
Start the application →Common questions.
Other Oklahoma bonds.
Finish your viatical broker license today.
$500 flat, issued the moment you pay, soft pull only. Free until issued.