SECTION 765:12-1-4. Bond and insurance

Latest version.

(a) Dealer bond. A salvage pool or salvage disposal sale shall be required to obtain and maintain the used motor vehicle dealer surety bond required for a used motor vehicle auction.
(b) Liability insurance. A salvage pool or salvage disposal sale shall be required to obtain and maintain liability insurance as required for a used motor vehicle dealer.

[Source: Added at 25 Ok Reg 360, eff 11-1-07 (emergency); Added at 25 Ok Reg 2083, eff 6-26-08]

                    
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