§ 7127. Surety bond in lieu of trust requirement
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 7127
§ 7127. Surety bond in lieu of trust requirement
D. A surety bond maintained under the provisions of this section or Section 7124 of this title may be cancelled or terminated by the surety only by providing notice to the Commissioner, no later than ninety (90) days before the effective date of the cancellation or termination. Notwithstanding the cancellation, termination, or expiration of a bond maintained under this section or Section 7124 of this title, the surety shall remain liable for obligations arising during the term of the bond and prior to the termination, cancellation or expiration.
Credits
Laws 1989, c. 297, § 23, eff. Nov. 1, 1989; Laws 1995, c. 82, § 9, eff. Nov. 1, 1995; Laws 2009, c. 3, § 8, eff. July 1, 2009. Renumbered from Title 8, § 307 and amended by Laws 2010, c. 58, §§ 17, 44, eff. July 1, 2010; Laws 2013, c. 269, § 22, eff. Nov. 1, 2013.
36 Okl. St. Ann. § 7127, OK ST T. 36 § 7127
Current with emergency effective legislation through Chapter 277 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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