Oklahoma Surety Bonds

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Required Surety Bonds in Oklahoma

Typical Oklahoma bonds include (click on any for more info):

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Required Surety Bonds in Oklahoma

All surety bonds fall into one of three broad categories: construction and contractor bonds, license and permit bonds, and court bonds. There are many different types of licenses in each category.

Oklahoma Construction & Contractor Bonds

Oklahoma has its own version of the federal Miller Act. It requires construction contractors to purchase certain surety bonds before they can work on a federally funded public works project. Oklahoma’s “Little Miller Act” requires a surety bond for the total amount of any public works project valued at $50,000 or more.

Oklahoma License & Permit Bonds

Oklahoma maintains a number of occupational and professional licensing boards, each of which issues multiple types of licenses. For example, the Alcohol Beverage Laws Enforcement Commission (ABLE) issues a variety of liquor licenses, and the Oklahoma Construction Industries Board (CBI) licenses specialty contractors (electrical, plumbing, and HVAC). Purchasing a surety bond is a common requirement for licensure to ensure the lawful and ethical conduct of licensees.

Oklahoma Court Bonds

Oklahoma courts require surety bonds in two sets of circumstances. A surety bond is needed when a prior court decision is being appealed, and when a person takes on fiduciary responsibilities, such as being appointed the executor of an estate or guardian of a minor.

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