(a) Bail bondsmen are required to submit monthly reports to the Insurance Commissioner within fifteen (15) days after the end of each preceding month pursuant to 59 O.S. § 1314. All bondsmen must submit a report for each component of the license held, even if no bonds were written under any particular component during that month. The types of licenses include:
- (1) cash,
- (2) surety,
- (3) property,
- (4) professional, and
- (5) multicounty agent.
(b) Bondsmen must submit a monthly report for:
- (1) each company, professional bondsman, or multicounty agent bondsman with which he/she is appointed, whether or not any bonds were written on that surety during that month;
- (2) each company, professional bondsman, or multicounty agent bondsman with which he/she has an outstanding liability, even though the appointment has been canceled; and
- (3) each company, professional bondsman, or multicounty agent bondsman with which he/she has an outstanding liability even though the surety is no longer active in the bail bond business.
Added at 10 Ok Reg 1483, eff 5-1-93
Amended at 33 Ok Reg 1711, eff 9-15-16