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OK SB378
Bill
Status
Engrossed
3/30/2026
Primary Sponsor
Todd Gollihare
Click for details
AI Summary
- Insurance Commissioner may approve multicounty agent bondsmen to write bonds at 12-15 times their deposit amount, up from the standard 12 times limit
- Bondsmen with increased writing capacity (over 12 times deposit) cannot have their deposit partially released for at least 2 years after approval
- Commissioner may deny applications for increased writing capacity if the bondsman has had administrative actions in the previous 2 years
- Bondsmen with two administrative actions after approval may have their liability ratio immediately reduced to 12 times the deposit, with electronic notice provided
- Effective date: November 1, 2026
Legislative Description
Bail bondsman; allowing Insurance Commissioner to approve certain bondsman to write bonds over certain deposit amount. Effective date.
Last Action
Signed, returned to Senate
4/30/2026
Committee Referrals
Insurance3/31/2026
Commerce and Economic Development Oversight3/31/2026
Business and Insurance2/4/2025
Full Bill Text
No bill text available