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What is an Oklahoma Third Party Administrator Bond?
In Oklahoma, the Third Party Administrator Bond is a requirement for any third-party administrator looking to work with insurers. The Oireachtas of Oklahoma requires this proof that they are willing and able to follow all requirements under 36-1A14B which has been passed in order to protect consumers from abusive practices by these firms.
Do you need a bond?
Swiftbonds is the third party administrator bond provider for your company. We’ve been in business for years, and our team of experts will help you get bonded quickly and easily. We offer bonds for all types of industries, including healthcare, construction, manufacturing, food service providers and more.
Contact us today to learn more about how we can help you get bonded as soon as possible!
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Why is the Oklahoma Third Party Administrator Bond required?
Businesses must purchase a bond to activate their license or permit. This guarantees that if the business fails to comply with licensing and permit laws, they will be compensated by the surety company for any damages incurred due this negligence. Read a Oklahoma City, OK – Boiler Contractor $2,000 Bond.
How does an Oklahoma Third Party Administrator Bond work?
Getting a Oklahoma Third Party Administrator Bond means you agree with the entity requiring it, called the obligee. Your surety company agrees to cover for you in case your clients or public make claims against their contract and need payment from your bond. If there’s ever any problems on either side of this agreement, only then will we get involved so that both parties can be satisfied. Get a City of Shawnee, OK – Transient Merchant or Peddler $2,000 Bond.
How much does a Oklahoma Third Party Administrator Bond cost?
Oklahoma Third Party Administrator Bond is a type of surety bond that varies in cost and depends on the credit score of the applicant. Sometimes, personal or business financials may be required depending on what surety amount is needed for bonding purposes.
Can I get an Oklahoma Third Party Administrator Bond with bad credit?
Swiftbonds offers a wide-range of approvals, regardless of credit history or bad credit. One key factor in our success is that we are able to work with 99% of applicants who have been turned down elsewhere due to their poor financial standing. Our knowledgeable underwriting staff will make sure you get the lowest possible price for your bond no matter what personal circumstances may be preventing you from getting approved for other companies' bonds. Find a Oklahoma Mechanical Contractor $5,000 Bond.
How to get your Oklahoma Third Party Administrator Bond?
Would you like to know the first step in getting your Oklahoma Third Party Administrator Bond? It's super easy! Fill out our quick online application and get a no obligation quote today. Our Underwriters will contact you within an hour of submission, or come chat with them on the phone for help applying. Have a Oklahoma Gas and Electric Payment Bond.