Viatical settlement providers or brokers in Oklahoma are regulated by the state’s Department of Insurance. As a prerequisite for the state’s viatical settlement provider license you must provide one of several forms of financial responsibility.
The surety bond provided by our agency is perhaps the quickest and most efficient choice in your licensing process.
You are automatically approved for the $50,000 Oklahoma viatical settlement provider bond. There is neither a credit score inquiry nor a review by an underwriter.
What this means for you is that after completion of a surety bond application (which we can take from you over the phone) and payment of the $500 premium, this bond is issued to you immediately.
Once purchased, a copy of your surety bond can be emailed to you. The original surety bond, which you will sign as Principal before submitting to the Department of Insurance, will be sent to you by the following business day. It is the original surety bond which you should file.
The $50,000 Oklahoma viatical settlement provider bond at $500, is issued for one year. Thereafter, the bond and the premium are renewed.
Our agency also provides you with the ability to prepay this bond for up to 3 years. Prepayment offers you a savings over year to year renewal of the premium in addition to lengthening the time between surety bond renewals.
The premium breakdown – and savings - are as follows:
While required of you, the surety bond is for the benefit of any clients who are aggrieved due to the failure of a viatical provider to comply with any statutory rules or regulations in their professional conduct.
AmeriPro Surety Bonds is a surety bonds-only agency. We provide license and permit surety bonds throughout Oklahoma.
Our agency also provides surety bonds nationwide.
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