Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 365. Insurance Department |
Chapter 25. Other Licensees |
Subchapter 5. Bail Bondsmen |
Part 5. GENERAL PROVISIONS PERTAINING TO BAIL BONDSMEN |
SECTION 365:25-5-42. Professional/multicounty agent bondsman net worth
Latest version.
- For purposes of 59 O.S. §§ 1306(A)(2) or 1306.1(A)(2), total assets of the bondsman shall include only those assets owned by the applicant for licensure as a bondsman. Any asset or liability owned jointly with another, including a spouse, shall be shown on financial reports as required pursuant to 59 O.S. § 1309(B) and Section 365:25-5-35 by percentage of ownership of the bondsman individually.