The Oklahoma professional employer organizations bond is also referred to as a staff leasing bond. This $50,000 surety bond is required as per O.S. Title 40 §600.4. Staff leasing companies, PEO, Professional Employer Services, and Registered Staff Leasing Companies, have all the same meaning for purposes of licensing and bonding.
In Oklahoma, all such business entities are registered under the Oklahoma Professional Employer Organization & Registration Act.
As a candidate for the $50,000 Oklahoma professional organization bond, when you call our agency, we can take the application from you over the phone. The application process takes anywhere between approximately 7 to 9 minutes.
To qualify for this surety bond, you will need good credit.
As part of the underwriting process, you will be asked if you have any lawsuits or judgments; whether you have any bankruptcy; if you have ever had a bond canceled or declined; and whether you have any outstanding collection items or liens.
If you are approved for this bond, the premium will be 1.5%, or $750 annually. Once the premium has been paid, the bond is issued to you immediately and will be sent out by the same or the following business day.
The Oklahoma PEO bond is active for exactly one year. We will need the expiration date of your license. This should be found on the application or some other document which has previously been provided to you. Our agency will need this date to ensure that the bond is in an acceptable format.
The Oklahoma PEO surety bond serves as a financial guarantee that your business is and will be in compliance with all provisions of the OK PEO Recognition and Registration Act, as also any amendments or additions to this law.
AmeriPro Surety Bonds is a surety bonds-only agency which provides license and permit surety bonds throughout Oklahoma.
Our agency also provides surety bonds nationwide.
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