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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 390. Council on Law Enforcement Education and Training |
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Chapter 60. Regulating Bail Enforcers |
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Subchapter 9. License Requirements |
SECTION 390:60-9-1. Insurance
Latest version.
- (a) Licensed Bail Enforcers shall be individually responsible for obtaining and maintaining their own liability insurance or surety bond that allows persons to recover for actionable injuries, loss, or damage resulting from the willful, or wrongful acts or omissions of the licenses and protects this State, its agents, officers, and employees from judgments against the Licensee, and is further conditioned upon the faithful and honest conduct of the Licensee.(b) The liability insurance policy or surety bond required in this subsection shall be in the minimum amount of ten thousand dollars ($10,000.00).(c) No bail enforcement license shall be valid when the Licensee fails to maintain the prescribed liability coverage. A violation of the Rules of this subchapter will constitute cause for immediate suspension or revocation of a license, and/or a disciplinary penalty or fine.(d) Proof of insurance shall be provided CLEET by submitting a certificate of insurance, such as the Accord Form; or a copy of the policy, or a copy of the bond; or a letter from the issuing company. Regardless of the method chosen, the proof submitted shall at least contain the following information:(1) Name of insured(2) Name and address of insurer(3) Policy limits, coverages, and amounts(4) Effective dates of policy(5) If covered by a bond, the original bond proof of coverage must include an original or copy of the Notification of Bond and Power of Attorney. Proof of renewal of the bond does not require a copy of the Power of Attorney, only submission of the Notification of Bond.(e) Any company providing insurance or surety bonds must be licensed and authorized to do business in the State of Oklahoma.(f) Liability insurance policies or bonds issued pursuant to this subchapter shall not be modified or canceled unless ten (10) days' prior written notice is given to CLEET. It is the duty of each Licensee to see that the liability insurance policy or bond contain such a provision.